Great Lakes Advisors LLC Sells 39,121 Shares of Hasbro, Inc. $HAS

Great Lakes Advisors LLC lowered its holdings in Hasbro, Inc. (NASDAQ:HASFree Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,591 shares of the company’s stock after selling 39,121 shares during the period. Great Lakes Advisors LLC’s holdings in Hasbro were worth $23,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in Hasbro in the second quarter valued at $25,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the second quarter valued at $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Hasbro in the third quarter valued at $34,000. Wexford Capital LP acquired a new stake in Hasbro in the third quarter valued at $37,000. Finally, Leonteq Securities AG acquired a new stake in Hasbro in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $83.77 on Friday. The firm has a 50-day moving average of $91.17 and a 200-day moving average of $90.26. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a market cap of $11.85 billion, a PE ratio of -50.46, a P/E/G ratio of 2.01 and a beta of 0.48. Hasbro, Inc. has a 52-week low of $67.11 and a 52-week high of $106.98.

Hasbro (NASDAQ:HASGet Free Report) last posted its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. On average, sell-side analysts anticipate that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Trending Headlines about Hasbro

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Wall Street Analyst Weigh In

HAS has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target on shares of Hasbro in a research note on Thursday, May 21st. UBS Group increased their price target on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wolfe Research increased their price target on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Citigroup cut their price target on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.14.

Read Our Latest Stock Analysis on HAS

About Hasbro

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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