Leavell Investment Management Inc. lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,151 shares of the company’s stock after selling 800 shares during the quarter. Leavell Investment Management Inc.’s holdings in Hasbro were worth $1,203,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HAS. JPMorgan Chase & Co. increased its stake in Hasbro by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after acquiring an additional 701,535 shares during the last quarter. FMR LLC increased its stake in Hasbro by 10.2% during the third quarter. FMR LLC now owns 78,819 shares of the company’s stock worth $8,285,000 after acquiring an additional 7,288 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Hasbro by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 486,965 shares of the company’s stock worth $51,193,000 after acquiring an additional 15,850 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Hasbro during the third quarter worth $482,000. Finally, Pacer Advisors Inc. increased its stake in Hasbro by 26.0% during the third quarter. Pacer Advisors Inc. now owns 11,515 shares of the company’s stock worth $1,210,000 after acquiring an additional 2,373 shares during the last quarter. 89.63% of the stock is owned by hedge funds and other institutional investors.
Several research firms have issued reports on HAS. ValuEngine cut Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. BidaskClub raised Hasbro from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Wells Fargo & Co lowered their price target on Hasbro from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, February 13th. Monness Crespi & Hardt upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Monday, February 11th. Finally, TheStreet lowered Hasbro from a “b-” rating to a “c” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Hasbro currently has an average rating of “Buy” and a consensus price target of $103.43.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.35). Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 4.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.68 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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