Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 143,884 shares of the company's stock after selling 5,032 shares during the period. Leeward Investments LLC MA owned about 0.10% of Hasbro worth $8,847,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Parvin Asset Management LLC purchased a new position in shares of Hasbro during the 4th quarter valued at about $25,000. Sentry Investment Management LLC acquired a new stake in shares of Hasbro during the 1st quarter valued at about $28,000. Itau Unibanco Holding S.A. grew its position in shares of Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after acquiring an additional 178 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Hasbro during the 4th quarter valued at about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Hasbro during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

HAS has been the topic of a number of analyst reports. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup reiterated a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Morgan Stanley lifted their price objective on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and increased their price objective for the company from $66.00 to $85.00 in a report on Monday, June 30th. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of "Buy" and a consensus price target of $81.67.

Hasbro Trading Down 1.4%

Shares of HAS stock traded down $1.09 during trading on Monday, hitting $76.55. 1,968,581 shares of the stock traded hands, compared to its average volume of 1,718,678. The firm has a market capitalization of $10.73 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. The firm's fifty day moving average price is $67.39 and its 200-day moving average price is $61.72. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly 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. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is presently 92.41%.

Hasbro Company Profile

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.