Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 2.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 40,578 shares of the company’s stock after acquiring an additional 996 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Hasbro were worth $2,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of Hasbro by 27.0% during the 4th quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Cooke & Bieler LP boosted its holdings in shares of Hasbro by 31.6% during the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock worth $162,801,000 after purchasing an additional 765,898 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 26.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock worth $73,593,000 after purchasing an additional 300,420 shares during the last quarter. Norges Bank acquired a new position in shares of Hasbro during the 4th quarter worth approximately $70,544,000. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Hasbro by 1.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock worth $67,756,000 after purchasing an additional 22,688 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the completion of the transaction, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HAS shares. Jefferies Financial Group upped their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. DA Davidson reiterated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a report on Friday. Stifel Nicolaus upped their price objective on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and upped their price objective for the company from $70.00 to $80.00 in a report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $70.08.

Hasbro Stock Up 3.8 %

Shares of HAS stock traded up $2.33 on Friday, reaching $63.85. 2,088,409 shares of the stock were exchanged, compared to its average volume of 1,678,242. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. The business’s 50 day moving average price is $59.50 and its 200 day moving average price is $55.93. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of -6.30, a PEG ratio of 0.63 and a beta of 0.62. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.45. The firm had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.75 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 4.39%. Hasbro’s dividend payout ratio is presently -27.61%.

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.