LGT Capital Partners LTD. Increases Stake in Hasbro, Inc. (HAS)
LGT Capital Partners LTD. increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 187,200 shares of the company’s stock after purchasing an additional 21,900 shares during the period. LGT Capital Partners LTD. owned approximately 0.15% of Hasbro worth $15,210,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC boosted its position in Hasbro by 87.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,283 shares of the company’s stock valued at $118,000 after buying an additional 600 shares during the period. Bbva Compass Bancshares Inc. purchased a new stake in Hasbro during the 3rd quarter valued at $179,000. Captrust Financial Advisors boosted its position in Hasbro by 54.6% during the 3rd quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock valued at $184,000 after buying an additional 619 shares during the period. Cape ANN Savings Bank purchased a new stake in Hasbro during the 3rd quarter valued at $205,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Hasbro during the 3rd quarter valued at $206,000. 85.64% of the stock is owned by institutional investors.
HAS has been the subject of several analyst reports. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. BidaskClub lowered shares of Hasbro from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Stifel Nicolaus upped their price objective on shares of Hasbro from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Friday, October 5th. KeyCorp upped their price objective on shares of Hasbro from $118.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, October 15th. Finally, SunTrust Banks decreased their price objective on shares of Hasbro to $96.00 and set a “hold” rating for the company in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Hasbro presently has a consensus rating of “Hold” and an average target price of $105.33.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 earnings per share. On average, equities analysts anticipate that Hasbro, Inc. will post 4.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be paid a $0.63 dividend. The ex-dividend date is Thursday, January 31st. This represents a $2.52 annualized dividend and a dividend yield of 2.87%. Hasbro’s payout ratio is 46.15%.
In other Hasbro news, Director Alan G. Hassenfeld sold 400,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $97.41, for a total transaction of $38,964,000.00. Following the completion of the sale, the director now directly owns 30,945 shares in the company, valued at approximately $3,014,352.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Goldner acquired 11,000 shares of Hasbro stock in a transaction on Monday, October 29th. The shares were purchased at an average price of $91.80 per share, with a total value of $1,009,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 713,570 shares of company stock valued at $69,562,482. 9.90% of the stock is owned by company insiders.
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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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