Hasbro, Inc. (NASDAQ:HAS) Stake Lessened by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd lessened its stake in Hasbro, Inc. (NASDAQ:HASGet Rating) by 44.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,301 shares of the company’s stock after selling 27,156 shares during the period. Qube Research & Technologies Ltd’s holdings in Hasbro were worth $3,491,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Hamlin Capital Management LLC bought a new stake in Hasbro during the fourth quarter valued at $94,203,000. Capital Research Global Investors increased its stake in Hasbro by 4.4% during the third quarter. Capital Research Global Investors now owns 15,406,031 shares of the company’s stock valued at $1,374,532,000 after purchasing an additional 649,789 shares during the last quarter. Boston Partners increased its stake in Hasbro by 35.4% during the third quarter. Boston Partners now owns 2,400,116 shares of the company’s stock valued at $214,139,000 after purchasing an additional 628,083 shares during the last quarter. Invesco Ltd. increased its stake in Hasbro by 41.3% during the third quarter. Invesco Ltd. now owns 1,622,556 shares of the company’s stock valued at $144,763,000 after purchasing an additional 474,234 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Hasbro by 3.3% during the third quarter. BlackRock Inc. now owns 11,537,818 shares of the company’s stock valued at $1,029,404,000 after purchasing an additional 366,237 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Hasbro from $128.00 to $119.00 in a report on Wednesday, January 26th. StockNews.com assumed coverage on shares of Hasbro in a report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Hasbro from $110.00 to $99.00 and set a “neutral” rating for the company in a report on Tuesday, February 8th. Finally, DA Davidson reduced their price target on shares of Hasbro from $138.00 to $121.00 and set a “buy” rating for the company in a report on Tuesday, February 8th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Buy” and a consensus target price of $109.38.

Shares of HAS opened at $84.36 on Monday. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 27.30 and a beta of 0.97. Hasbro, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $105.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.52 and a quick ratio of 1.29. The business’s 50-day moving average is $90.78 and its 200-day moving average is $94.46.

Hasbro (NASDAQ:HASGet Rating) last issued its earnings results on Monday, February 7th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.32. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.87 billion. Hasbro had a return on equity of 24.17% and a net margin of 6.68%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. Equities research analysts expect that Hasbro, Inc. will post 5.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be issued a $0.70 dividend. The ex-dividend date is Friday, April 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.32%. This is an increase from Hasbro’s previous quarterly dividend of $0.68. Hasbro’s dividend payout ratio is currently 88.03%.

Hasbro Profile (Get Rating)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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