Leeward Investments LLC MA Sells 3,383 Shares of Hasbro, Inc. $HAS

Leeward Investments LLC MA lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,501 shares of the company’s stock after selling 3,383 shares during the period. Leeward Investments LLC MA owned approximately 0.10% of Hasbro worth $10,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after acquiring an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Hasbro by 20.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after purchasing an additional 2,866 shares during the period. Jump Financial LLC lifted its position in shares of Hasbro by 129.5% during the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after purchasing an additional 6,219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hasbro by 60.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock valued at $1,021,000 after purchasing an additional 6,225 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Hasbro by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock worth $785,000 after purchasing an additional 931 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $76.70 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.32 and a debt-to-equity ratio of 7.65. The firm has a market capitalization of $10.76 billion, a P/E ratio of -19.13, a P/E/G ratio of 0.99 and a beta of 0.60. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The firm’s fifty day simple moving average is $77.01 and its two-hundred day simple moving average is $71.40.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $1.73 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Hasbro’s dividend payout ratio (DPR) is currently -69.83%.

Insider Transactions at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,359 shares of company stock worth $2,970,828. Company insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Bank of America boosted their price target on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Roth Capital set a $96.00 price target on shares of Hasbro and gave the stock a “buy” rating in a research report on Friday. UBS Group lifted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.18.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.