Pacer Advisors Inc. Has $528,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Pacer Advisors Inc. drastically reduced its stake in Hasbro, Inc. by 99.7% during the 1st quarter, now owning only 8,587 shares after selling over 2.7 million shares.
• Hasbro reported earnings of $1.30 EPS, surpassing the consensus estimate of $0.78, as revenue reached $980.8 million despite a 1.5% decline from the previous year.
• The company recently announced a quarterly dividend of $0.70 per share, translating to an annualized dividend yield of 3.8%.

Pacer Advisors Inc. trimmed its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 99.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,587 shares of the company's stock after selling 2,781,026 shares during the quarter. Pacer Advisors Inc.'s holdings in Hasbro were worth $528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAS. Brighton Jones LLC acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $317,000. Sei Investments Co. raised its position in Hasbro by 2.3% during the fourth quarter. Sei Investments Co. now owns 76,641 shares of the company's stock valued at $4,285,000 after acquiring an additional 1,718 shares in the last quarter. LPL Financial LLC raised its position in Hasbro by 13.9% during the fourth quarter. LPL Financial LLC now owns 73,579 shares of the company's stock valued at $4,114,000 after acquiring an additional 8,962 shares in the last quarter. Blair William & Co. IL raised its position 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 acquiring an additional 192 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Hasbro by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,638 shares of the company's stock valued at $203,000 after acquiring an additional 271 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of Hasbro stock traded down $0.53 during midday trading on Friday, hitting $74.63. The company had a trading volume of 2,129,307 shares, compared to its average volume of 2,485,920. The business's 50 day simple moving average is $72.29 and its two-hundred day simple moving average is $64.39. The stock has a market cap of $10.46 billion, a PE ratio of -18.38, a P/E/G ratio of 0.98 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business's revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.8%. Hasbro's payout ratio is currently -68.97%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. DA Davidson raised their price objective on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Finally, Bank of America lifted their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.27.

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.