OFI Invest Asset Management Purchases Shares of 119,000 Hasbro, Inc. $HAS
by Doug Wharley · The Cerbat GemOFI Invest Asset Management purchased a new stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 119,000 shares of the company’s stock, valued at approximately $9,758,000.
Several other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock valued at $186,000 after purchasing an additional 137 shares during the period. United Capital Financial Advisors LLC lifted its holdings in shares of Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the last quarter. Clarius Group LLC lifted its holdings in shares of Hasbro by 0.6% during the 3rd quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock worth $1,766,000 after acquiring an additional 146 shares during the last quarter. Kaufman Rossin Wealth LLC lifted its holdings in shares of Hasbro by 4.1% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock worth $291,000 after acquiring an additional 151 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Hasbro by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock worth $2,156,000 after acquiring an additional 151 shares during the last quarter. 91.83% of the stock is owned by institutional investors.
Hasbro Stock Performance
NASDAQ HAS opened at $93.06 on Friday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The company has a market capitalization of $13.09 billion, a P/E ratio of -39.60 and a beta of 0.55. The company has a fifty day moving average of $95.50 and a 200-day moving average of $85.52. Hasbro, Inc. has a 52-week low of $49.08 and a 52-week high of $106.98.
Hasbro (NASDAQ:HAS – Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.52. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.
Hasbro Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s payout ratio is currently -119.15%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Monness Crespi & Hardt lifted their price objective on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. DA Davidson lifted their price objective on shares of Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Finally, BNP Paribas Exane dropped their price objective on shares of Hasbro from $118.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $112.86.
Read Our Latest Stock Analysis on HAS
Insider Buying and Selling at Hasbro
In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the sale, the chief financial officer directly owned 68,221 shares of the company’s stock, valued at $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 413,342 shares of company stock valued at $42,241,679. Company insiders own 0.85% of the company’s stock.
About Hasbro
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.
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