LGT Capital Partners LTD. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 11.7% during the fourth quarter, HoldingsChannel reports. The firm owned 70,700 shares of the company’s stock after purchasing an additional 7,400 shares during the quarter. LGT Capital Partners LTD.’s holdings in Hasbro were worth $6,426,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Hasbro in the 2nd quarter worth approximately $155,000. Highstreet Asset Management Inc. raised its holdings in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after acquiring an additional 812 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in Hasbro in the 2nd quarter worth approximately $229,000. 79.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded down $1.63 during mid-day trading on Thursday, hitting $92.31. 1,240,000 shares of the stock were exchanged, compared to its average volume of 1,379,771. Hasbro, Inc. has a 12-month low of $80.22 and a 12-month high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. The company has a market cap of $11,520.00, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. Hasbro had a net margin of 14.82% and a return on equity of 56.23%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm posted $2.03 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. sell-side analysts expect that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s payout ratio is 48.61%.
A number of equities analysts recently weighed in on the stock. Goldman Sachs Group restated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a report on Thursday, September 28th. UBS Group set a $104.00 price objective on shares of Hasbro and gave the stock a “hold” rating in a report on Monday, November 13th. DA Davidson set a $124.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.81.
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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