Lazard Asset Management LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 869 shares of the company's stock after selling 19,817 shares during the quarter. Lazard Asset Management LLC's holdings in Hasbro were worth $48,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of HAS. Pacer Advisors Inc. lifted its position in shares of Hasbro by 28,552.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after acquiring an additional 2,779,877 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after acquiring an additional 2,427,299 shares in the last quarter. Norges Bank purchased a new stake in shares of Hasbro in the fourth quarter valued at $96,359,000. Invesco Ltd. lifted its position in shares of Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after acquiring an additional 701,660 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after acquiring an additional 507,054 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro Stock Down 1.6%
Shares of HAS stock traded down $1.10 during trading hours on Wednesday, reaching $66.28. The company had a trading volume of 1,182,449 shares, compared to its average volume of 1,718,493. 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 $49.00 and a twelve month high of $73.46. The company has a market capitalization of $9.29 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The stock's fifty day simple moving average is $59.66 and its 200 day simple moving average is $60.43.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter last year, the firm earned $0.61 earnings per share. The company'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 fiscal year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Hasbro's dividend payout ratio (DPR) is currently 92.41%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on HAS shares. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research report on Friday, April 25th. DA Davidson reiterated a "neutral" rating and set a $75.00 target price on shares of Hasbro in a research report on Thursday, May 15th. Morgan Stanley reiterated an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Finally, Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $81.25.
View Our Latest Analysis on HAS
Hasbro Company Profile
(
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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