Magnetar Financial LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 77.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,147 shares of the company’s stock after selling 14,461 shares during the period. Magnetar Financial LLC’s holdings in Hasbro were worth $405,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HAS. YorkBridge Wealth Partners LLC lifted its holdings in Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares in the last quarter. Cypress Capital Group lifted its holdings in Hasbro by 2.5% during the second quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock worth $249,000 after acquiring an additional 55 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Hasbro by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,358 shares of the company’s stock worth $932,000 after acquiring an additional 60 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Hasbro by 0.3% during the second quarter. HighTower Advisors LLC now owns 23,782 shares of the company’s stock worth $2,640,000 after acquiring an additional 62 shares in the last quarter. Finally, Coastline Trust Co lifted its holdings in Hasbro by 1.5% during the second quarter. Coastline Trust Co now owns 6,610 shares of the company’s stock worth $737,000 after acquiring an additional 100 shares in the last quarter. 79.83% of the stock is owned by institutional investors and hedge funds.
HAS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Monday, August 28th. DA Davidson reiterated a “buy” rating and set a $124.00 target price (up from $121.00) on shares of Hasbro in a report on Tuesday, October 24th. KeyCorp reiterated an “overweight” rating and set a $112.00 target price on shares of Hasbro in a report on Wednesday, August 30th. Finally, Stifel Nicolaus reduced their target price on Hasbro from $104.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $105.99.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share. sell-side analysts anticipate that Hasbro, Inc. will post 5 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.57 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.39%. Hasbro’s dividend payout ratio (DPR) is 48.72%.
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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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