Oppenheimer Asset Management Inc. decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,248 shares of the company’s stock after selling 891 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hasbro were worth $2,231,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of Hasbro by 2.9% during the third quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after acquiring an additional 368,897 shares during the last quarter. BlackRock Inc. boosted its stake in Hasbro by 4.5% in the 4th quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after buying an additional 356,569 shares during the last quarter. Ronna Sue Cohen boosted its stake in Hasbro by 8,221.2% in the 1st quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock worth $3,609,000 after buying an additional 3,565,801 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hasbro by 6.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock worth $290,117,000 after buying an additional 213,975 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Hasbro by 21.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after buying an additional 597,909 shares during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
In related news, CEO Brian Goldner sold 317,306 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was 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 in the company, valued at approximately $38,467,633.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of the business’s 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 transaction, the senior vice president now owns 21,703 shares of the company’s stock, valued at approximately $2,218,046.60. The disclosure for this sale can be found here. Insiders have sold a total of 350,256 shares of company stock worth $35,900,627 over the last 90 days. 9.30% of the stock is owned by company insiders.
HAS has been the topic of a number of research analyst reports. DA Davidson raised their price target on Hasbro to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. TheStreet downgraded Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. BidaskClub upgraded Hasbro from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Barclays raised their target price on Hasbro from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Hasbro has a consensus rating of “Buy” and an average price target of $106.07.
HAS stock traded up $0.87 during midday trading on Tuesday, hitting $97.01. 370,526 shares of the company’s stock were exchanged, compared to its average volume of 1,263,202. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $109.60. The company has a market capitalization of $12.21 billion, a PE ratio of 25.20, a P/E/G ratio of 2.01 and a beta of 0.98.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The company had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same period in the previous year, the business earned $0.10 EPS. Hasbro’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.52 EPS for the current year.
The firm 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. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $2.72 annualized dividend and a yield of 2.80%. Hasbro’s dividend payout ratio is presently 70.65%.
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.
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