Confluence Wealth Management LLC decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,625 shares of the company’s stock after selling 260 shares during the quarter. Confluence Wealth Management LLC’s holdings in Hasbro were worth $213,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors boosted its holdings in shares of Hasbro by 31.6% during the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after acquiring an additional 3,356,518 shares during the period. Vanguard Group Inc boosted its holdings 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 worth $1,384,826,000 after acquiring an additional 368,897 shares during the period. BlackRock Inc. boosted its holdings in shares of Hasbro by 4.5% during the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock worth $677,935,000 after acquiring an additional 356,569 shares during the period. Jackson Square Partners LLC boosted its holdings in shares of Hasbro by 203.6% during the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock worth $423,659,000 after acquiring an additional 2,702,931 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Hasbro by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock worth $277,331,000 after acquiring an additional 597,909 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on HAS shares. Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Monday, February 11th. BMO Capital Markets lowered their price objective on shares of Hasbro from $76.00 to $75.00 and set an “underperform” rating for the company in a research report on Tuesday, February 26th. TheStreet downgraded shares of Hasbro from a “b-” rating to a “c” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Finally, MKM Partners lowered their price objective on shares of Hasbro to $102.00 and set a “buy” rating for the company in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $103.20.
NASDAQ HAS opened at $86.83 on Thursday. The firm has a market capitalization of $10.90 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.68 and a beta of 0.91. Hasbro, Inc. has a twelve month low of $76.84 and a twelve month high of $109.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.42 and a quick ratio of 2.07.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the company posted $2.30 EPS. The business’s revenue was down 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.68 dividend. This is a boost from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. This represents a $2.72 annualized dividend and a yield of 3.13%. Hasbro’s dividend payout ratio (DPR) is presently 65.45%.
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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