Cornerstone Investment Partners LLC lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 98.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,998 shares of the company's stock after selling 544,802 shares during the period. Cornerstone Investment Partners LLC's holdings in Hasbro were worth $503,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. grew its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after buying an additional 2,779,877 shares during the period. Bank of New York Mellon Corp grew its position in shares of Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after acquiring an additional 5,778 shares during the period. Mizuho Securities USA LLC grew its position in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company's stock valued at $58,210,000 after purchasing an additional 97,039 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.
Analysts Set New Price Targets
HAS has been the topic of several research analyst reports. DA Davidson raised their price objective on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Roth Mkm lifted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $80.22.
Get Our Latest Report on HAS
Hasbro Trading Up 1.3 %
Shares of HAS stock traded up $0.84 on Friday, hitting $64.35. 2,190,102 shares of the stock traded hands, compared to its average volume of 1,598,166. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a twelve month low of $50.89 and a twelve month high of $73.46. The firm's 50-day moving average price is $59.73 and its two-hundred day moving average price is $64.25. The stock has a market capitalization of $8.98 billion, a PE ratio of 23.40, a PEG ratio of 0.60 and a beta of 0.51.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.
Hasbro Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.35%. Hasbro's dividend payout ratio (DPR) is 101.82%.
About Hasbro
(
Free Report)
Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.
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