Pacer Advisors Inc. reduced its stake in Hasbro, Inc. (NASDAQ:AGet a rating) by 18.5% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 10,337 shares of the company after selling 2,350 shares during the period. Pacer Advisors Inc.’s holdings in Hasbro were worth $847,000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Ensign Peak Advisors Inc increased its stake in Hasbro shares by 94.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 44,326 shares of the company worth $4,512,000 after purchasing an additional 21,571 shares during the period. Qtron Investments LLC purchased a new position in Hasbro stock during the fourth quarter valued at approximately $694,000. Mercer Global Advisors Inc. ADV increased its stake in Hasbro shares by 26.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,203 shares of the company valued at $1,038,000 after buying 2,109 additional shares in the last quarter. Banque Pictet & Cie SA purchased a new equity stake in Hasbro in the fourth quarter worth approximately $1,068,000. Finally, IndexIQ Advisors LLC increased its stake in Hasbro shares by 33.3% during the 4th quarter. IndexIQ Advisors LLC now owns 2,979 shares of the company worth $304,000 after acquiring 745 additional shares in the last quarter. Institutional investors hold 75.35% of the company’s shares.

In other Hasbro news, Director Michael Raymond Burns bought 2,500 shares of the company in a transaction on Monday, April 25. The stock was purchased at an average price of $87.70 per share, for a total transaction of $219,250.00. Following the completion of the purchase, the administrator now owns 16,398 shares of the company, valued at approximately $1,438,104.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Also, CEO Christian P. Roosters purchased 10,102 shares of the company in a trade dated Thursday, April 21. The shares were acquired at an average price of $89.59 per share, for a total transaction of $905,038.18. As a result of the purchase, the CEO now directly owns 65,945 shares of the company, valued at approximately $5,908,012.55. Disclosure of this purchase can be found here. 8.40% of the shares are currently held by insiders of the company.

Shares of In stock opened at $85.74 on Monday. The company has a market capitalization of $11.96 billion, a price-earnings ratio of 31.87 and a beta of 0.83. Hasbro, Inc. has a 52-week low of $78.32 and a 52-week high of $105.73. The company has a quick ratio of 1.28, a current ratio of 1.59 and a debt ratio of 1.21. The company’s 50-day moving average is $87.16 and its 200-day moving average is $91.38.

Hasbro (NASDAQ:AGet a rating) last announced its quarterly results on Tuesday, April 19. The company reported earnings per share (EPS) of $0.57 for the quarter, missing analyst consensus estimates of $0.67 per ($0.10). The company posted revenue of $1.16 billion in the quarter, versus $1.16 billion expected by analysts. Hasbro had a net margin of 5.78% and a return on equity of 21.98%. The company’s revenue increased by 4.3% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $1.00. Analysts expect Hasbro, Inc. to post 5.22 EPS for the current fiscal year.

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 per share. This represents an annualized dividend of $2.80 and a dividend yield of 3.27%. The ex-dividend date is Friday, July 29. Hasbro’s payout rate is 104.09%.

HAS has been the subject of several reports by research analysts. KeyCorp cut its target price on Hasbro from $115.00 to $105.00 and set an “overweight” rating for the company in a Wednesday, April 20 research report. DA Davidson raised its price target on Hasbro shares from $121.00 to $128.00 and gave the company a “buy” rating in a Wednesday, April 20 report. StockNews.com began covering Hasbro shares in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Finally, TheStreet downgraded Hasbro shares from a “b” rating to a “c+” rating in a Tuesday, April 19 research note. Four equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, Hasbro currently has a consensus rating of “Hold” and an average target price of $108.14.

Hasbro Company Profile (Get a rating)

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.

See also

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Institutional ownership by quarter for Hasbro (NASDAQ:HAS)



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