Putnam FL Investment Management Co. decreased its stake in Hasbro, Inc. (NASDAQ:HAS) by 13.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 116,728 shares of the company’s stock after selling 18,561 shares during the quarter. Putnam FL Investment Management Co.’s holdings in Hasbro were worth $10,609,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Hasbro during the fourth quarter worth approximately $131,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Hasbro during the fourth quarter worth approximately $136,000. Highstreet Asset Management Inc. boosted its position in Hasbro by 105.2% during the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after purchasing an additional 812 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in Hasbro during the second quarter worth approximately $229,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.
A number of brokerages have issued reports on HAS. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley increased their price target on Hasbro from $108.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp reiterated an “overweight” rating and set a $110.00 price target (up previously from $105.00) on shares of Hasbro in a research report on Thursday. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $100.00 price target (up previously from $95.00) on shares of Hasbro in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.73.
Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, February 7th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.48. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. equities research analysts expect that Hasbro, Inc. will post 4.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.26%. Hasbro’s payout ratio is currently 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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