Leavell Investment Management Inc. lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 5.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,151 shares of the company’s stock after selling 800 shares during the quarter. Leavell Investment Management Inc.’s holdings in Hasbro were worth $1,203,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Sigma Planning Corp lifted its stake in Hasbro by 4.4% in the 4th quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock valued at $216,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Hasbro by 41.4% in the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Bessemer Group Inc. lifted its stake in Hasbro by 46.3% in the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Van ECK Associates Corp lifted its stake in Hasbro by 38.2% in the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 128 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its stake in Hasbro by 77.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock valued at $25,000 after buying an additional 134 shares in the last quarter. 89.63% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ HAS opened at $89.68 on Wednesday. Hasbro, Inc. has a 12 month low of $76.84 and a 12 month high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97. The company has a market cap of $11.08 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.91 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last issued its earnings results on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.35). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period last year, the business earned $2.30 EPS. Sell-side analysts predict that Hasbro, Inc. will post 4.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.03%. The ex-dividend date is Tuesday, April 30th. This is an increase from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is 65.45%.
Several brokerages have weighed in on HAS. BidaskClub downgraded Hasbro from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. ValuEngine upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Tuesday, January 22nd. KeyCorp set a $110.00 price objective on Hasbro and gave the stock a “buy” rating in a report on Wednesday, February 20th. Wells Fargo & Co dropped their price objective on Hasbro from $95.00 to $90.00 and set a “market perform” rating for the company in a report on Wednesday, February 13th. Finally, BMO Capital Markets upgraded Hasbro from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $75.00 to $88.00 in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Hasbro has a consensus rating of “Buy” and an average price target of $103.43.
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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