Huntington National Bank cut its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,400 shares of the company’s stock after selling 657 shares during the quarter. Huntington National Bank’s holdings in Hasbro were worth $204,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of HAS. JPMorgan Chase & Co. lifted its position in shares of Hasbro by 43.9% in 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 in the last quarter. FMR LLC lifted 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 worth $8,285,000 after purchasing an additional 7,288 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 worth $51,193,000 after purchasing an additional 15,850 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Hasbro in the third quarter worth approximately $482,000. Finally, Pacer Advisors Inc. lifted 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 worth $1,210,000 after purchasing an additional 2,373 shares in the last quarter. 89.74% of the stock is owned by institutional investors.
Several equities analysts have commented on the company. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Thursday, January 3rd. TheStreet downgraded Hasbro from a “b-” rating to a “c” rating in a report on Friday, February 8th. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Wells Fargo & Co lowered their price target on Hasbro from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Wednesday, February 13th. Finally, BMO Capital Markets lowered their price target on Hasbro from $76.00 to $75.00 and set an “underperform” rating on the stock in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $103.43.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company’s revenue was down 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.30 EPS. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.68 dividend. This is an increase from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. This represents a $2.72 annualized dividend and a dividend yield of 3.11%. Hasbro’s dividend payout ratio (DPR) is presently 65.45%.
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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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