Boston Advisors LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 420.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,495 shares of the company’s stock after buying an additional 9,285 shares during the period. Boston Advisors LLC’s holdings in Hasbro were worth $1,123,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Hasbro by 5.7% during the second quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after acquiring an additional 695,231 shares during the last quarter. BlackRock Inc. boosted its position in Hasbro by 7.6% during the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after acquiring an additional 700,898 shares during the last quarter. Wells Fargo & Company MN boosted its position in Hasbro by 1.0% during the second quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock valued at $308,649,000 after acquiring an additional 26,350 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hasbro by 311.6% during the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after acquiring an additional 1,648,675 shares during the last quarter. Finally, FMR LLC boosted its position in Hasbro by 70.2% during the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after acquiring an additional 868,073 shares during the last quarter. Institutional investors own 78.13% of the company’s stock.
A number of analysts have commented on HAS shares. Jefferies Group LLC set a $125.00 price target on shares of Hasbro and gave the company a “buy” rating in a research report on Monday, August 21st. Zacks Investment Research lowered shares of Hasbro from a “hold” rating to a “sell” rating in a report on Monday, October 9th. BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $102.00 price objective on shares of Hasbro in a report on Thursday, October 12th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Hasbro has a consensus rating of “Hold” and a consensus price target of $106.86.
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In related news, EVP Wiebe Tinga sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the sale, the executive vice president now owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.57, for a total transaction of $146,355.00. Following the sale, the executive vice president now directly owns 39,125 shares in the company, valued at approximately $3,817,426.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 850,198 shares of company stock worth $84,523,683. 11.00% of the stock is owned by insiders.
Hasbro, Inc. (NASDAQ:HAS) opened at 95.47 on Tuesday. Hasbro, Inc. has a 12 month low of $77.20 and a 12 month high of $116.20. The company has a 50-day moving average of $95.99 and a 200-day moving average of $101.67. The stock has a market cap of $11.94 billion, a PE ratio of 20.68 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. Hasbro’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post $5.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, October 31st. Hasbro’s payout ratio is 48.72%.
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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