Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 20.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,023 shares of the company’s stock after selling 39,905 shares during the period. Leeward Investments LLC MA owned 0.11% of Hasbro worth $11,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Axiom Advisory LLC raised its position in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 196 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after acquiring an additional 217 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Hasbro by 0.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 5.2 %

Shares of NASDAQ:HAS opened at $63.49 on Thursday. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of -13.68, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a 50 day moving average of $69.60 and a two-hundred day moving average of $64.22. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. DA Davidson increased their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.