Victory Capital Management Inc. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 21.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,413,315 shares of the company’s stock after acquiring an additional 597,909 shares during the quarter. Hasbro accounts for 0.7% of Victory Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Victory Capital Management Inc. owned 2.70% of Hasbro worth $277,331,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. LGT Capital Partners LTD. lifted its holdings in shares of Hasbro by 13.2% in the 4th quarter. LGT Capital Partners LTD. now owns 187,200 shares of the company’s stock worth $15,210,000 after acquiring an additional 21,900 shares during the last quarter. First Hawaiian Bank lifted its holdings in Hasbro by 2.4% during the 4th quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock worth $579,000 after buying an additional 165 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Hasbro by 54.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock worth $184,000 after buying an additional 619 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Hasbro by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after buying an additional 701,535 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its holdings in Hasbro by 25.6% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 177,846 shares of the company’s stock worth $18,695,000 after buying an additional 36,262 shares in the last quarter. Hedge funds and other institutional investors own 88.09% of the company’s stock.
Shares of HAS traded up $1.34 during midday trading on Tuesday, reaching $90.22. The stock had a trading volume of 20,139 shares, compared to its average volume of 1,367,740. Hasbro, Inc. has a 1-year low of $76.84 and a 1-year high of $109.60. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.49 and a beta of 0.99. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $2.30 earnings per share. Hasbro’s revenue for the quarter was down 13.0% compared to the same quarter last year. On average, analysts predict that Hasbro, Inc. will post 5.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently 65.45%.
HAS has been the topic of a number of research reports. KeyCorp increased their target price on shares of Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. SunTrust Banks reduced their target price on shares of Hasbro to $96.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Barclays reduced their target price on shares of Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. MKM Partners reduced their target price on shares of Hasbro to $110.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co reduced their target price on shares of Hasbro from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.73.
In related news, Director Alan G. Hassenfeld sold 5,350 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $97.41, for a total value of $521,143.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 400,000 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $97.41, for a total transaction of $38,964,000.00. Following the completion of the transaction, the director now directly owns 30,945 shares in the company, valued at $3,014,352.45. The disclosure for this sale can be found here. Insiders sold a total of 707,570 shares of company stock worth $68,963,682 over the last 90 days. Company insiders own 9.90% of the company’s stock.
Hasbro Company Profile
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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