Standard Life Aberdeen plc raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,949 shares of the company’s stock after acquiring an additional 955 shares during the quarter. Standard Life Aberdeen plc’s holdings in Hasbro were worth $3,008,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the business. Capital Research Global Investors lifted its position in Hasbro by 31.6% during the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after buying an additional 3,356,518 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Hasbro by 2.9% in the third quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after buying an additional 368,897 shares in the last quarter. BlackRock Inc. grew its stake in shares of Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after buying an additional 356,569 shares in the last quarter. Jackson Square Partners LLC grew its stake in shares of Hasbro by 203.6% in the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock valued at $423,659,000 after buying an additional 2,702,931 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Hasbro by 21.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock valued at $277,331,000 after buying an additional 597,909 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
NASDAQ:HAS opened at $86.51 on Friday. Hasbro, Inc. has a 52-week low of $76.84 and a 52-week high of $109.60. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97. The stock has a market cap of $10.90 billion, a PE ratio of 22.47, a P/E/G ratio of 1.68 and a beta of 0.91.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Friday, February 8th. The company reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. Hasbro’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.30 earnings per share. On average, research analysts expect that Hasbro, Inc. will post 4.41 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Hasbro’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, April 30th. Hasbro’s dividend payout ratio is presently 65.45%.
HAS has been the subject of several research reports. ValuEngine downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. MKM Partners reduced their price target on Hasbro to $102.00 and set a “buy” rating on the stock in a research note on Friday, January 18th. BidaskClub raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Monness Crespi & Hardt raised Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Monday, February 11th. Finally, KeyCorp set a $110.00 price target on Hasbro and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.20.
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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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