Burney Co. reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 44.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,502 shares of the company’s stock after selling 15,022 shares during the period. Burney Co.’s holdings in Hasbro were worth $1,573,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in shares of Hasbro by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after purchasing an additional 2,652 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Hasbro by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 1,746,932 shares of the company’s stock valued at $141,722,000 after purchasing an additional 109,854 shares during the last quarter. BlackRock Inc. grew its position in shares of Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after purchasing an additional 356,569 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Hasbro by 1,569.2% in the first quarter. Quadrant Capital Group LLC now owns 651 shares of the company’s stock valued at $54,000 after purchasing an additional 612 shares during the last quarter. Finally, Synovus Financial Corp grew its position in Hasbro by 17.7% during the fourth quarter. Synovus Financial Corp now owns 1,064 shares of the company’s stock worth $86,000 after buying an additional 160 shares in the last quarter. Institutional investors own 87.45% of the company’s stock.
In other news, SVP Tarrant L. Sibley sold 4,000 shares of Hasbro stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $102.20, for a total value of $408,800.00. Following the completion of the transaction, the senior vice president now owns 21,703 shares in the company, valued at $2,218,046.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Goldner sold 317,306 shares of Hasbro stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $102.55, for a total transaction of $32,539,730.30. Following the completion of the transaction, the chief executive officer now owns 375,111 shares of the company’s stock, valued at approximately $38,467,633.05. The disclosure for this sale can be found here. Insiders have sold 350,256 shares of company stock worth $35,900,627 over the last ninety days. Company insiders own 9.30% of the company’s stock.
NASDAQ HAS opened at $106.75 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.77. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 2.19 and a beta of 1.01. Hasbro, Inc. has a 1-year low of $76.84 and a 1-year high of $109.60.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. The company had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. On average, sell-side analysts predict that Hasbro, Inc. will post 4.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Wednesday, July 31st. Hasbro’s payout ratio is 70.65%.
A number of research firms recently weighed in on HAS. BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup lifted their target price on Hasbro from $103.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. TheStreet raised Hasbro from a “c+” rating to a “b-” rating in a research report on Friday, May 10th. BMO Capital Markets lifted their target price on Hasbro from $88.00 to $93.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Finally, Argus downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Hasbro has an average rating of “Buy” and an average target price of $106.07.
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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.
Further Reading: Yield Curve
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