Qsemble Capital Management LP lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 61.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,582 shares of the company's stock after selling 20,079 shares during the period. Qsemble Capital Management LP's holdings in Hasbro were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB acquired a new stake in Hasbro in the 1st quarter valued at $82,523,000. Mizuho Securities USA LLC lifted its stake in shares of Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after buying an additional 989,906 shares in the last quarter. Samlyn Capital LLC grew its holdings in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company's stock valued at $107,252,000 after buying an additional 855,099 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company's stock worth $40,037,000 after acquiring an additional 565,645 shares in the last quarter. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Hasbro in the 3rd quarter worth about $32,032,000. Institutional investors own 91.83% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Bank of America lifted their price target on Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their target price on Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their price target on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $80.67.
Check Out Our Latest Analysis on HAS
Hasbro Stock Performance
Shares of Hasbro stock traded down $0.25 during trading hours on Wednesday, reaching $63.75. The company had a trading volume of 72,537 shares, compared to its average volume of 1,618,756. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a one year low of $44.85 and a one year high of $73.46. The business has a fifty day simple moving average of $68.19 and a 200 day simple moving average of $64.39.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $1.64 EPS. The firm's revenue was down 14.8% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, November 20th. Hasbro's dividend payout ratio (DPR) is presently -60.34%.
Hasbro Company Profile
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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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