LGT Capital Partners LTD. Has $14.35 Million Holdings in Hasbro, Inc. (HAS)

LGT Capital Partners LTD. lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,800 shares of the company’s stock after selling 18,400 shares during the period. LGT Capital Partners LTD. owned about 0.13% of Hasbro worth $14,351,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HAS. Sigma Planning Corp grew its holdings in Hasbro by 4.4% during the 4th quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock worth $216,000 after acquiring an additional 112 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Hasbro by 41.4% in the 4th quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Bessemer Group Inc. boosted its stake in Hasbro by 46.3% during the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares in the last quarter. Van ECK Associates Corp boosted its stake in Hasbro by 38.2% during the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock worth $38,000 after acquiring an additional 128 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in Hasbro by 77.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 308 shares of the company’s stock worth $25,000 after acquiring an additional 134 shares in the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Citigroup lowered their target price on shares of Hasbro from $106.00 to $103.00 and set a “buy” rating for the company in a report on Monday, March 11th. KeyCorp set a $110.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research report on Wednesday, February 20th. MKM Partners raised their price objective on shares of Hasbro from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BidaskClub raised shares of Hasbro from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 5th. Finally, Argus downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $105.07.

In related news, CEO Brian Goldner sold 317,306 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $102.55, for a total transaction of $32,539,730.30. Following the sale, the chief executive officer now owns 375,111 shares of the company’s stock, valued at $38,467,633.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 4,063 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $102.13, for a total value of $414,954.19. Following the completion of the sale, the executive vice president now owns 28,545 shares of the company’s stock, valued at $2,915,300.85. The disclosure for this sale can be found here. Insiders have sold a total of 342,369 shares of company stock worth $35,100,884 in the last 90 days. 9.30% of the stock is currently owned by insiders.

Shares of NASDAQ:HAS opened at $104.75 on Friday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.77 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a fifty-two week low of $76.84 and a fifty-two week high of $109.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. The company had revenue of $732.51 million during the quarter, compared to the consensus estimate of $665.96 million. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Sell-side analysts forecast that Hasbro, Inc. will post 4.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, April 30th. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio is presently 70.65%.

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About Hasbro

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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