Clinton Group Inc. lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 28.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,770 shares of the company’s stock after selling 9,079 shares during the quarter. Clinton Group Inc.’s holdings in Hasbro were worth $2,394,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in HAS. Strs Ohio lifted its holdings in Hasbro by 4.4% during the second quarter. Strs Ohio now owns 12,266 shares of the company’s stock worth $1,132,000 after buying an additional 522 shares during the period. Suntrust Banks Inc. lifted its holdings in Hasbro by 8.4% during the first quarter. Suntrust Banks Inc. now owns 7,650 shares of the company’s stock worth $644,000 after buying an additional 596 shares during the period. CHICAGO TRUST Co NA lifted its holdings in Hasbro by 8.5% during the third quarter. CHICAGO TRUST Co NA now owns 8,078 shares of the company’s stock worth $849,000 after buying an additional 633 shares during the period. Advisor Partners LLC lifted its holdings in Hasbro by 23.8% during the second quarter. Advisor Partners LLC now owns 3,363 shares of the company’s stock worth $310,000 after buying an additional 647 shares during the period. Finally, BLB&B Advisors LLC lifted its holdings in Hasbro by 25.7% during the second quarter. BLB&B Advisors LLC now owns 3,299 shares of the company’s stock worth $305,000 after buying an additional 675 shares during the period. 80.09% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. Stifel Nicolaus upped their target price on Hasbro from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Friday, October 5th. BidaskClub lowered Hasbro from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. MKM Partners upgraded Hasbro from a “neutral” rating to a “buy” rating and increased their price objective for the company from $92.00 to $115.00 in a report on Wednesday, August 15th. Finally, Consumer Edge assumed coverage on Hasbro in a report on Monday, August 13th. They set an “outperform” rating and a $79.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $107.33.
Shares of HAS traded down $0.87 during midday trading on Wednesday, hitting $99.83. 30,868 shares of the company’s stock traded hands, compared to its average volume of 1,388,995. Hasbro, Inc. has a 1 year low of $79.00 and a 1 year high of $109.60. The company has a current ratio of 2.69, a quick ratio of 2.11 and a debt-to-equity ratio of 0.96. The firm has a market cap of $13.34 billion, a PE ratio of 18.25, a P/E/G ratio of 1.90 and a beta of 0.89.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 23rd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.29 by $0.19. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The firm had revenue of $904.50 million during the quarter, compared to analyst estimates of $839.29 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, research analysts forecast that Hasbro, Inc. will post 4.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $2.52 dividend on an annualized basis and a yield of 2.52%. Hasbro’s dividend payout ratio (DPR) is 46.15%.
In related news, CFO Deborah Thomas sold 19,683 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $100.83, for a total value of $1,984,636.89. Following the completion of the transaction, the chief financial officer now owns 97,083 shares in the company, valued at approximately $9,788,878.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tarrant L. Sibley sold 1,525 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total value of $152,500.00. Following the completion of the transaction, the senior vice president now owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. Insiders sold a total of 106,645 shares of company stock valued at $10,796,944 in the last 90 days. 9.90% of the stock is currently owned by company insiders.
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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