Leeward Investments LLC MA Trims Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Leeward Investments LLC MA decreased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,884 shares of the company's stock after selling 5,032 shares during the period. Leeward Investments LLC MA owned 0.10% of Hasbro worth $8,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Commerce Bank boosted its stake in shares of Hasbro by 1.2% in the fourth quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after acquiring an additional 171 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after buying an additional 178 shares during the last quarter. Keybank National Association OH boosted its stake in Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after buying an additional 180 shares during the last quarter. Blair William & Co. IL boosted its stake in Hasbro by 1.0% during the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after buying an additional 192 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Hasbro by 16.2% during the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after buying an additional 205 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Trading Down 0.5%

HAS stock traded down $0.35 during midday trading on Monday, reaching $77.29. 77,792 shares of the company traded hands, compared to its average volume of 1,711,385. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The business has a 50 day moving average of $67.39 and a 200-day moving average of $61.72. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.14 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. Hasbro's payout ratio is 92.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley increased their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DA Davidson reissued a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and increased their price target for the company from $66.00 to $85.00 in a research note on Monday, June 30th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $81.67.

About Hasbro

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.