Hasbro, Inc. $HAS Stake Increased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 410,956 shares of the company’s stock after acquiring an additional 7,427 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.29% of Hasbro worth $33,698,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC raised its stake in shares of Hasbro by 2.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock valued at $493,000 after purchasing an additional 139 shares in the last quarter. Clarius Group LLC increased its holdings in Hasbro by 0.6% in the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after buying an additional 146 shares during the last quarter. Kaufman Rossin Wealth LLC raised its stake in Hasbro by 4.1% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock valued at $291,000 after buying an additional 151 shares in the last quarter. Retirement Systems of Alabama raised its stake in Hasbro by 0.5% during the third quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock valued at $2,156,000 after buying an additional 151 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Hasbro by 2.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,620 shares of the company’s stock worth $578,000 after buying an additional 152 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christian P. Cocks sold 196,411 shares of Hasbro stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total transaction of $19,705,915.63. Following the sale, the chief executive officer owned 303,310 shares of the company’s stock, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the transaction, the executive vice president owned 50,174 shares of the company’s stock, valued at approximately $5,267,266.52. This represents a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 413,342 shares of company stock valued at $42,241,679. 0.85% of the stock is owned by company insiders.

Hasbro Stock Down 2.8%

Shares of Hasbro stock opened at $88.59 on Friday. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of -37.70 and a beta of 0.54. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The business’s 50 day simple moving average is $95.03 and its 200-day simple moving average is $84.60.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is -119.15%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson lifted their target price on Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Argus set a $105.00 price objective on Hasbro in a research note on Friday, March 13th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a report on Wednesday, February 11th. BNP Paribas Exane began coverage on shares of Hasbro in a research note on Wednesday, February 25th. They set an “outperform” rating and a $118.00 target price for the company. Finally, Jefferies Financial Group increased their target price on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.