Cornerstone Investment Partners LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 606,128 shares of the company's stock after purchasing an additional 116,897 shares during the period. Cornerstone Investment Partners LLC owned approximately 0.44% of Hasbro worth $30,949,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Aigen Investment Management LP acquired a new position in Hasbro during the third quarter worth $1,250,000. Janney Montgomery Scott LLC grew its holdings in Hasbro by 6.5% during the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company's stock worth $3,133,000 after acquiring an additional 2,875 shares during the period. Albion Financial Group UT grew its holdings in Hasbro by 105.7% during the third quarter. Albion Financial Group UT now owns 58,743 shares of the company's stock worth $3,885,000 after acquiring an additional 30,192 shares during the period. Assenagon Asset Management S.A. grew its holdings in Hasbro by 125.3% during the third quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company's stock worth $1,839,000 after acquiring an additional 15,466 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Hasbro by 2,610.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 43,414 shares of the company's stock worth $2,871,000 after acquiring an additional 41,812 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.
Hasbro Price Performance
Shares of NASDAQ:HAS traded up $0.33 on Friday, hitting $55.27. The company had a trading volume of 1,486,020 shares, compared to its average volume of 1,688,979. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.73. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The business has a 50 day moving average of $53.39 and a 200 day moving average of $51.14. The company has a market cap of $7.67 billion, a PE ratio of -5.16, a PEG ratio of 1.45 and a beta of 0.74.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.26). Hasbro had a negative net margin of 29.77% and a positive return on equity of 16.34%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. The firm's revenue was down 23.2% compared to the same quarter last year. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.25 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.80 annualized dividend and a dividend yield of 5.07%. Hasbro's dividend payout ratio is currently -26.12%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on HAS shares. Bank of America upped their price objective on Hasbro from $51.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday. Jefferies Financial Group boosted their target price on Hasbro from $61.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday. StockNews.com upgraded Hasbro from a "sell" rating to a "hold" rating in a research report on Monday. TheStreet downgraded Hasbro from a "c-" rating to a "d+" rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $62.80.
Read Our Latest Report 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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