Point72 Asset Management L.P. lessened its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 75.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,171 shares of the company's stock after selling 581,633 shares during the period. Point72 Asset Management L.P. owned 0.14% of Hasbro worth $10,800,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of HAS. Pacer Advisors Inc. increased its holdings in Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock worth $155,967,000 after purchasing an additional 2,779,877 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares during the last quarter. Norges Bank bought a new stake in shares of Hasbro in the 4th quarter valued at about $96,359,000. Invesco Ltd. grew its position in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after buying an additional 507,054 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on HAS shares. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target on the stock in a research report on Friday, April 25th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday. DA Davidson reiterated a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price target (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $79.89.
View Our Latest Report on HAS
Hasbro Trading Down 0.9%
Shares of Hasbro stock traded down $0.57 on Friday, hitting $65.83. 1,341,004 shares of the company's stock traded hands, compared to its average volume of 1,722,258. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a fifty day moving average of $59.42 and a two-hundred day moving average of $60.40. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54.
Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the prior year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.25%. Hasbro's payout ratio is currently 92.41%.
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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