Geode Capital Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,661,020 shares of the company’s stock after acquiring an additional 122,592 shares during the period. Geode Capital Management LLC’s holdings in Hasbro were worth $299,700,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in HAS. Brighton Jones LLC acquired a new position in shares of Hasbro in the 4th quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after buying an additional 1,753 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares in the last quarter. Woodline Partners LP raised its stake in shares of Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro in the 1st quarter valued at $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on HAS. Wells Fargo & Company dropped their target price on Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Wolfe Research increased their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Roth Mkm set a $120.00 price objective on Hasbro in a research note on Wednesday, February 11th. The Goldman Sachs Group increased their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group increased their price objective on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.64.
Hasbro Trading Down 1.3%
Shares of HAS opened at $85.07 on Tuesday. The stock has a fifty day moving average price of $92.39 and a two-hundred day moving average price of $89.91. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. Hasbro, Inc. has a 52-week low of $64.85 and a 52-week high of $106.98. The company has a market cap of $12.04 billion, a price-to-earnings ratio of -51.25, a PEG ratio of 2.12 and a beta of 0.52.
Hasbro (NASDAQ:HAS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the previous year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.
Hasbro Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s payout ratio is presently -168.67%.
Hasbro Company Profile
Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.
The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.
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