Leeward Investments LLC MA Trims Stock Position in Hasbro, Inc. $HAS

Leeward Investments LLC MA reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 140,501 shares of the company’s stock after selling 3,383 shares during the quarter. Leeward Investments LLC MA’s holdings in Hasbro were worth $10,372,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after purchasing an additional 269 shares during the period. Pittenger & Anderson Inc. acquired a new position in shares of Hasbro in the 2nd quarter valued at $35,000. IFP Advisors Inc boosted its holdings in Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after buying an additional 543 shares in the last quarter. Allworth Financial LP grew its position in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after buying an additional 449 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after buying an additional 186 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 1.6%

NASDAQ HAS opened at $76.70 on Friday. The business has a fifty day moving average price of $77.01 and a 200 day moving average price of $71.40. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.32 and a current ratio of 1.70. The company has a market cap of $10.76 billion, a P/E ratio of -19.13, a P/E/G ratio of 0.99 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio is currently -69.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAS. Monness Crespi & Hardt increased their target price on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. DA Davidson lifted their price target on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Citigroup lifted their price target on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hasbro in a research report on Saturday. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.18.

Insider Buying and Selling at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the transaction, the chief executive officer directly owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.