State Board of Administration of Florida Retirement System lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,099 shares of the company’s stock after acquiring an additional 2,809 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.12% of Hasbro worth $12,846,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HAS. LGT Capital Partners LTD. grew its holdings in Hasbro by 13.2% during the fourth quarter. LGT Capital Partners LTD. now owns 187,200 shares of the company’s stock worth $15,210,000 after purchasing an additional 21,900 shares during the period. First Hawaiian Bank grew its holdings in Hasbro by 2.4% during the fourth quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock worth $579,000 after purchasing an additional 165 shares during the period. Captrust Financial Advisors grew its holdings in Hasbro by 54.6% during the third quarter. Captrust Financial Advisors now owns 1,752 shares of the company’s stock worth $184,000 after purchasing an additional 619 shares during the period. JPMorgan Chase & Co. grew its holdings in Hasbro by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after purchasing an additional 701,535 shares during the period. Finally, Campbell Newman Asset Management Inc. grew its holdings in Hasbro by 25.6% during the third quarter. Campbell Newman Asset Management Inc. now owns 177,846 shares of the company’s stock worth $18,695,000 after purchasing an additional 36,262 shares during the period. 88.09% of the stock is currently owned by institutional investors and hedge funds.
In other Hasbro news, Director Alan G. Hassenfeld sold 302,220 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the completion of the transaction, the director now directly owns 30,945 shares in the company, valued at $3,018,375.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 5,350 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $97.41, for a total transaction of $521,143.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 707,570 shares of company stock valued at $68,963,682. 9.90% of the stock is currently owned by corporate insiders.
Shares of HAS stock traded up $0.58 during trading on Monday, hitting $89.97. The company had a trading volume of 462,967 shares, compared to its average volume of 1,233,272. The company has a current ratio of 2.42, a quick ratio of 2.07 and a debt-to-equity ratio of 0.97. The stock has a market cap of $11.31 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. Hasbro, Inc. has a one year low of $76.84 and a one year high of $109.60.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Friday, February 8th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.35). The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.53 billion. Hasbro had a net margin of 4.81% and a return on equity of 28.01%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 earnings per share. Analysts forecast that Hasbro, Inc. will post 5.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, January 31st. Hasbro’s dividend payout ratio (DPR) is currently 65.45%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
See Also: Short Selling
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