Raymond James Trust N.A. grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,129 shares of the company’s stock after purchasing an additional 352 shares during the quarter. Raymond James Trust N.A.’s holdings in Hasbro were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in HAS. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 701,535 shares during the last quarter. FMR LLC raised its position in shares of Hasbro by 10.2% in the third quarter. FMR LLC now owns 78,819 shares of the company’s stock valued at $8,285,000 after purchasing an additional 7,288 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 486,965 shares of the company’s stock valued at $51,193,000 after purchasing an additional 15,850 shares during the period. Paloma Partners Management Co bought a new position in shares of Hasbro in the third quarter valued at about $482,000. Finally, Pacer Advisors Inc. raised its position in shares of Hasbro by 26.0% in the third quarter. Pacer Advisors Inc. now owns 11,515 shares of the company’s stock valued at $1,210,000 after purchasing an additional 2,373 shares during the period. Institutional investors and hedge funds own 90.00% of the company’s stock.
A number of research firms recently commented on HAS. BidaskClub lowered shares of Hasbro from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th. ValuEngine lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. MKM Partners decreased their target price on shares of Hasbro to $102.00 and set a “buy” rating on the stock in a report on Friday, January 18th. KeyCorp set a $110.00 price target on shares of Hasbro and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, BMO Capital Markets reduced their price target on shares of Hasbro from $76.00 to $75.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $106.07.
Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The business had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that Hasbro, Inc. will post 4.52 EPS for the current 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 $0.68 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s payout ratio is 70.65%.
In other news, 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 transaction, the executive vice president now owns 28,545 shares in the company, valued at approximately $2,915,300.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tarrant L. Sibley sold 4,000 shares of Hasbro stock in a transaction on Friday, April 26th. The shares were sold at an average price of $102.20, for a total transaction of $408,800.00. Following the completion of the sale, the senior vice president now owns 21,703 shares of the company’s stock, valued at approximately $2,218,046.60. The disclosure for this sale can be found here. Insiders sold a total of 346,056 shares of company stock worth $35,488,019 in the last 90 days. Corporate insiders own 9.30% of the company’s stock.
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Hasbro Company Profile
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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