Stone Ridge Asset Management LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 50.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,335 shares of the company’s stock after buying an additional 2,800 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Hasbro were worth $880,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Hasbro by 13.1% in the second quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after buying an additional 1,106,949 shares during the period. Anchor Capital Advisors LLC increased its holdings in Hasbro by 114.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 727,035 shares of the company’s stock worth $76,782,000 after acquiring an additional 388,468 shares during the last quarter. State Street Corp increased its holdings in Hasbro by 6.0% in the 4th quarter. State Street Corp now owns 5,321,804 shares of the company’s stock worth $562,036,000 after acquiring an additional 302,993 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Hasbro in the 3rd quarter valued at about $34,788,000. Finally, Russell Investments Group Ltd. raised its stake in Hasbro by 27.7% in the 4th quarter. Russell Investments Group Ltd. now owns 863,250 shares of the company’s stock valued at $91,130,000 after acquiring an additional 187,434 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.
In related news, EVP Stephen J. Davis sold 13,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $105.06, for a total value of $1,365,780.00. Following the sale, the executive vice president now owns 52,238 shares in the company, valued at $5,488,124.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.30% of the stock is owned by company insiders.
Shares of Hasbro stock traded up $0.72 on Friday, reaching $97.71. The stock had a trading volume of 936,877 shares. Hasbro, Inc. has a 1 year low of $82.87 and a 1 year high of $126.87. The business’s 50 day moving average is $103.44 and its two-hundred day moving average is $107.43.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.89 by $0.35. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Hasbro’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. On average, sell-side analysts predict that Hasbro, Inc. will post 5.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, April 30th.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. BMO Capital Markets lowered their price target on shares of Hasbro from $105.00 to $90.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. JPMorgan Chase & Co. assumed coverage on shares of Hasbro in a research note on Monday, January 27th. They set a “neutral” rating and a $113.00 price target on the stock. Finally, KeyCorp cut their price objective on shares of Hasbro from $135.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $118.25.
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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