Nisa Investment Advisors LLC increased its stake in Hasbro, Inc. (NASDAQ:A – Get a rating) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 17,177 shares of the company after purchasing an additional 2,240 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Hasbro were worth $1,407,000 when it last filed with the SEC.
A number of other institutional investors also bought and sold HAS shares. Kestra Advisory Services LLC increased its stake in Hasbro by 52.2% in Q4. Kestra Advisory Services LLC now owns 3,705 shares of the company worth $377,000 after purchasing an additional 1,270 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in Hasbro stock during Q4 worth approximately $220,000. National Bank of Canada FI acquired a new equity stake in Hasbro during Q4 worth approximately $271,000. Signaturefd LLC increased its stake in Hasbro stock by 156.4% during the 4th quarter. Signaturefd LLC now owns 1,682 shares of the company worth $171,000 after purchasing an additional 1,026 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Hasbro shares by 16.0% during the 4th quarter. Van ECK Associates Corp now owns 3,123 shares of the company worth $318,000 after buying 430 more shares in the last quarter. 75.35% of the shares are held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
A number of analysts have recently released reports on the stock. Jefferies Financial Group cut its price target on Hasbro shares from $115.00 to $100.00 in a Friday, July 15 report. Truist Financial cut its price target on Hasbro shares from $100.00 to $88.00 and set a “holding” rating for the company in a report released Wednesday. DA Davidson raised its price target on Hasbro shares from $121.00 to $128.00 and gave the stock a “buy” rating in a Wednesday, April 20 report. BMO Capital Markets cut its price target on Hasbro shares from $85.00 to $80.00 in a report released Thursday. Finally, TheStreet downgraded Hasbro’s shares from a “b” rating to a “c+” rating in a report on Tuesday, April 19. Five equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, Hasbro currently has an average rating of “Hold” and a consensus price target of $104.11.
Insiders place their bets
In other news, Director Michael Raymond Burns acquired 2,500 shares of the company in a transaction dated Monday, April 25. The shares were acquired at an average cost of $87.70 per share, with a total value of $219,250.00. Following the transaction, the administrator now owns 16,398 shares of the company, valued at $1,438,104.60. The transaction was disclosed in an SEC filing, available at this link. Insiders hold 8.40% of the shares of the company.
Hasbro shares down 4.3%
Hasbro Stock opened at $81.13 on Friday. Hasbro, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $105.73. The company has a debt ratio of 1.24, a quick ratio of 1.28 and a current ratio of 1.43. The company has a 50-day moving average price of $84.19 and a 200-day moving average price of $89.04. The company has a market capitalization of $11.31 billion, a PE ratio of 20.91 and a beta of 0.84.
Hasbro (NASDAQ:A – Get a rating) last released its quarterly results on Tuesday, July 19. The company reported EPS of $1.15 for the quarter, beating the consensus estimate of $0.94 by $0.21. The company posted revenue of $1.34 billion in the quarter, versus a consensus estimate of $1.37 billion. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The company’s quarterly revenue increased 1.3% from the same quarter last year. During the same quarter of the previous year, the firm had posted earnings per share of $1.05. Research analysts expect Hasbro, Inc. to post earnings per share of 5.16 for the current year.
Hasbro Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15. Shareholders of record on Monday, August 1 will receive a dividend of $0.70. The ex-dividend date is Friday, July 29. This represents an annualized dividend of $2.80 and a dividend yield of 3.45%. Hasbro’s dividend payout ratio (DPR) is 72.16%.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a games and entertainment company. Its Consumer Products segment is engaged in the sourcing, marketing and sales of toys and games. This segment also promotes its brands through the licensing of trademarks, characters and other trademark and intellectual property rights to third parties through the sale of branded consumer products, such as toys and clothes.
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