Manning & Napier Group LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,119 shares of the company’s stock after acquiring an additional 3,035 shares during the period. Manning & Napier Group LLC’s holdings in Hasbro were worth $2,365,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in shares of Hasbro by 87.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock valued at $118,000 after buying an additional 600 shares during the period. Bbva Compass Bancshares Inc. purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $179,000. Captrust Financial Advisors raised its holdings in shares of Hasbro by 54.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock valued at $184,000 after buying an additional 619 shares during the period. Cape ANN Savings Bank purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Hasbro during the 3rd quarter valued at about $206,000. 85.94% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Alan G. Hassenfeld sold 400,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $97.41, for a total value of $38,964,000.00. Following the sale, the director now owns 30,945 shares of the company’s stock, valued at approximately $3,014,352.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 302,220 shares of the business’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $97.54, for a total value of $29,478,538.80. Following the completion of the sale, the director now directly owns 30,945 shares in the company, valued at approximately $3,018,375.30. The disclosure for this sale can be found here. Insiders have sold a total of 707,570 shares of company stock valued at $68,963,682 in the last quarter. 9.90% of the stock is currently owned by insiders.
Shares of HAS traded down $0.86 during mid-day trading on Friday, hitting $89.39. The stock had a trading volume of 6,386,252 shares, compared to its average volume of 957,609. Hasbro, Inc. has a fifty-two week low of $76.84 and a fifty-two week high of $109.60. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.49 and a beta of 0.99. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro, Inc. will post 5.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $2.52 dividend on an annualized basis and a yield of 2.82%. Hasbro’s dividend payout ratio (DPR) is presently 65.45%.
Several equities research analysts recently commented on HAS shares. BidaskClub upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Saturday, October 13th. KeyCorp lifted their price objective on Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. SunTrust Banks dropped their price objective on Hasbro to $96.00 and set a “hold” rating on the stock in a report on Tuesday, October 23rd. Barclays dropped their price objective on Hasbro from $117.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, October 23rd. Finally, MKM Partners dropped their price objective on Hasbro to $110.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $104.80.
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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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