Two Sigma Investments LP purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, HoldingsChannel reports. The fund purchased 351,138 shares of the company’s stock, valued at approximately $31,915,000.
Several other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Hasbro by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,267,434 shares of the company’s stock worth $296,977,000 after buying an additional 426,136 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Hasbro by 4.6% in the third quarter. Janus Henderson Group PLC now owns 2,017,259 shares of the company’s stock worth $197,025,000 after buying an additional 89,358 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Hasbro by 160.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,860,233 shares of the company’s stock worth $169,076,000 after buying an additional 1,145,999 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hasbro by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,444,609 shares of the company’s stock worth $131,078,000 after buying an additional 19,821 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Hasbro by 14.7% in the fourth quarter. Boston Partners now owns 1,443,904 shares of the company’s stock worth $131,237,000 after buying an additional 184,842 shares in the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Hasbro news, CFO Deborah Thomas sold 6,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $96.33, for a total transaction of $577,980.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President John Frascotti sold 47,024 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.29, for a total transaction of $4,621,988.96. Following the transaction, the president now owns 85,625 shares in the company, valued at $8,416,081.25. The disclosure for this sale can be found here. Insiders have sold 394,435 shares of company stock worth $38,337,975 over the last quarter. Company insiders own 11.00% of the company’s stock.
Hasbro (NASDAQ:HAS) last issued its quarterly 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 net margin of 7.61% and a return on equity of 36.36%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $1.64 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. analysts anticipate that Hasbro, Inc. will post 5.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be given a dividend of $0.63 per share. This is a boost from Hasbro’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, April 30th. Hasbro’s dividend payout ratio (DPR) is presently 73.08%.
Several research firms recently weighed in on HAS. B. Riley began coverage on shares of Hasbro in a research report on Thursday, December 21st. They issued a “buy” rating and a $108.00 price objective on the stock. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BMO Capital Markets upped their price objective on shares of Hasbro from $83.00 to $100.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. KeyCorp upped their price objective on shares of Hasbro from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, BidaskClub upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $109.50.
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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