Lau Associates LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 24.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,100 shares of the company’s stock after selling 7,000 shares during the quarter. Hasbro comprises about 1.4% of Lau Associates LLC’s holdings, making the stock its 17th largest position. Lau Associates LLC’s holdings in Hasbro were worth $2,623,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cullinan Associates Inc. increased its stake in Hasbro by 0.5% in the 3rd quarter. Cullinan Associates Inc. now owns 80,614 shares of the company’s stock valued at $9,568,000 after buying an additional 371 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Hasbro by 3.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,002 shares of the company’s stock valued at $3,593,000 after buying an additional 1,291 shares during the period. BlackRock Inc. increased its stake in Hasbro by 13.1% in the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after buying an additional 1,106,949 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in Hasbro by 35.0% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,518 shares of the company’s stock valued at $372,000 after buying an additional 913 shares during the period. Finally, Barings LLC acquired a new position in Hasbro in the 2nd quarter valued at $684,000. 86.40% of the stock is currently owned by institutional investors.
Shares of Hasbro stock traded down $0.03 on Thursday, hitting $115.28. The company’s stock had a trading volume of 13,432 shares, compared to its average volume of 775,956. Hasbro, Inc. has a 52-week low of $76.84 and a 52-week high of $126.87. The company has a quick ratio of 2.11, a current ratio of 2.64 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $114.44 and a 200-day moving average price of $104.44. The company has a market capitalization of $14.50 billion, a P/E ratio of 29.88, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 annualized dividend and a dividend yield of 2.36%. Hasbro’s dividend payout ratio is presently 70.65%.
A number of research firms have recently weighed in on HAS. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $127.00 price target (up from $109.00) on shares of Hasbro in a research note on Wednesday, July 24th. Barclays upped their price target on shares of Hasbro from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. SunTrust Banks set a $118.00 price target on shares of Hasbro and gave the stock a “hold” rating in a research note on Friday, August 23rd. Stifel Nicolaus upped their price target on shares of Hasbro from $110.00 to $111.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Citigroup upped their price target on shares of Hasbro from $103.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.69.
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.
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