Great West Life Assurance Co. Can cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,645 shares of the company’s stock after selling 12,255 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Hasbro worth $8,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in shares of Hasbro by 87.8% in the third quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock worth $118,000 after buying an additional 600 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Hasbro in the second quarter worth approximately $136,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Hasbro in the third quarter worth approximately $179,000. Cape ANN Savings Bank purchased a new stake in shares of Hasbro in the third quarter worth approximately $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Hasbro in the third quarter worth approximately $206,000. Institutional investors and hedge funds own 86.20% of the company’s stock.
Shares of NASDAQ:HAS opened at $83.93 on Friday. Hasbro, Inc. has a 52-week low of $79.00 and a 52-week high of $109.60. The company has a market capitalization of $11.07 billion, a P/E ratio of 18.19, a PEG ratio of 1.77 and a beta of 0.95. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.30). Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $2.09 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, equities research analysts predict that Hasbro, Inc. will post 4.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $2.52 annualized dividend and a yield of 3.00%. Hasbro’s dividend payout ratio (DPR) is currently 46.15%.
HAS has been the topic of several recent analyst reports. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. MKM Partners dropped their price objective on Hasbro to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Barclays dropped their price objective on Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Finally, SunTrust Banks dropped their price objective on Hasbro to $96.00 and set a “hold” rating on the stock in a research note on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and an average price target of $105.33.
In other Hasbro news, EVP Wiebe Tinga sold 6,000 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $99.80, for a total transaction of $598,800.00. Following the sale, the executive vice president now owns 44,559 shares of the company’s stock, valued at approximately $4,446,988.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Goldner bought 11,000 shares of the company’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $91.80 per share, for a total transaction of $1,009,800.00. The disclosure for this purchase can be found here. Insiders have sold a total of 713,570 shares of company stock worth $69,562,482 in the last ninety days. Insiders own 9.90% of the company’s stock.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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