Hasbro, Inc. (HAS) Position Decreased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 36.3% during the fourth quarter, HoldingsChannel reports. The firm owned 47,078 shares of the company’s stock after selling 26,885 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Hasbro were worth $3,825,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised its position in Hasbro by 31.6% in the third quarter. Capital Research Global Investors now owns 13,966,033 shares of the company’s stock worth $1,468,109,000 after acquiring an additional 3,356,518 shares in the last quarter. Jackson Square Partners LLC raised its position in Hasbro by 203.6% in the third quarter. Jackson Square Partners LLC now owns 4,030,245 shares of the company’s stock worth $423,659,000 after acquiring an additional 2,702,931 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Hasbro by 7,213.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,145,000 shares of the company’s stock worth $26,000 after acquiring an additional 2,115,671 shares in the last quarter. Capital International Investors bought a new stake in Hasbro in the third quarter worth about $106,820,000. Finally, Macquarie Group Ltd. raised its position in Hasbro by 207.6% in the third quarter. Macquarie Group Ltd. now owns 1,421,542 shares of the company’s stock worth $149,433,000 after acquiring an additional 959,350 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.
HAS has been the topic of several research reports. KeyCorp set a $110.00 price target on shares of Hasbro and gave the stock a “buy” rating in a research report on Wednesday, February 20th. MKM Partners dropped their price target on shares of Hasbro to $102.00 and set a “buy” rating on the stock in a research report on Friday, January 18th. ValuEngine upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Monness Crespi & Hardt upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Monday, February 11th. Finally, Citigroup dropped their price target on shares of Hasbro from $106.00 to $103.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $103.20.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Hasbro had a return on equity of 28.01% and a net margin of 4.81%. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.30 EPS. As a group, equities analysts forecast that Hasbro, Inc. will post 4.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.68 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $2.72 dividend on an annualized basis and a yield of 3.14%. This is a boost from Hasbro’s previous quarterly dividend of $0.63. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
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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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