BB&T Corp reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,499 shares of the company’s stock after selling 493 shares during the quarter. BB&T Corp’s holdings in Hasbro were worth $893,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. CSat Investment Advisory L.P. lifted its position in shares of Hasbro by 77.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock valued at $25,000 after acquiring an additional 134 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Hasbro by 7,213.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,115,671 shares during the period. Bessemer Group Inc. lifted its position in shares of Hasbro by 46.3% during the 4th quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Hasbro by 41.4% during the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after acquiring an additional 123 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after acquiring an additional 128 shares during the period. 90.27% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Hasbro from $106.00 to $103.00 and set a “buy” rating on the stock in a research report on Monday, March 11th. KeyCorp set a $110.00 target price on shares of Hasbro and gave the company a “buy” rating in a research report on Wednesday, February 20th. MKM Partners upped their price objective on shares of Hasbro from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. BidaskClub upgraded shares of Hasbro from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, TheStreet upgraded shares of Hasbro from a “c+” rating to a “b-” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.07.
Shares of HAS stock traded up $2.06 on Wednesday, hitting $99.07. The stock had a trading volume of 1,218,352 shares, compared to its average volume of 1,263,826. The company has a market cap of $12.21 billion, a P/E ratio of 25.73, a P/E/G ratio of 2.01 and a beta of 0.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.26. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $109.60.
Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.29. The company had revenue of $732.51 million during the quarter, compared to the consensus estimate of $665.96 million. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. As a group, research analysts expect that Hasbro, Inc. will post 4.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.68 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $2.72 annualized dividend and a dividend yield of 2.75%. Hasbro’s dividend payout ratio is currently 70.65%.
In other news, EVP Dolph Johnson sold 17,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $102.20, for a total value of $1,737,400.00. Following the completion of the sale, the executive vice president now owns 45,338 shares in the company, valued at $4,633,543.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $102.20, for a total transaction of $408,800.00. Following the completion of the sale, 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. In the last quarter, insiders sold 350,256 shares of company stock valued at $35,900,627. 9.30% of the stock is currently owned by corporate insiders.
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.
Recommended Story: Ex-Dividend
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.