Epoch Investment Partners Inc. lessened its position in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,166,456 shares of the company’s stock after selling 24,014 shares during the period. Epoch Investment Partners Inc. owned approximately 0.84% of Hasbro worth $78,642,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of HAS. Federated Hermes Inc. grew its holdings in Hasbro by 70.6% during the third quarter. Federated Hermes Inc. now owns 1,126 shares of the company’s stock worth $76,000 after acquiring an additional 466 shares during the period. Caas Capital Management LP acquired a new stake in shares of Hasbro during the third quarter worth $3,662,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Hasbro in the 3rd quarter valued at $503,000. Cary Street Partners Investment Advisory LLC increased its stake in Hasbro by 211.3% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,182 shares of the company’s stock worth $147,000 after purchasing an additional 1,481 shares in the last quarter. Finally, CNB Bank raised its holdings in Hasbro by 3.7% during the 3rd quarter. CNB Bank now owns 11,025 shares of the company’s stock worth $743,000 after buying an additional 394 shares during the period. 80.87% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. StockNews.com lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Friday, February 17th. Monness Crespi & Hardt lowered their price objective on shares of Hasbro from $106.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. MKM Partners cut their target price on shares of Hasbro from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, January 13th. The Goldman Sachs Group lowered shares of Hasbro from a “buy” rating to a “neutral” rating and set a $64.00 target price for the company. in a research note on Wednesday, February 1st. Finally, DA Davidson cut their price objective on Hasbro from $95.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $76.36.
Hasbro Price Performance
NASDAQ HAS traded down $0.53 on Wednesday, hitting $54.48. 1,557,324 shares of the company were exchanged, compared to its average volume of 1,975,722. The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $60.67 and a two-hundred day moving average of $65.81. Hasbro, Inc. has a 1-year low of $54.28 and a 1-year high of $97.55. The company has a market cap of $7.53 billion, a P/E ratio of 37.68, a P/E/G ratio of 3.77 and a beta of 0.74.
Hasbro (NASDAQ:HAS – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.29 by $0.02. Hasbro had a net margin of 3.47% and a return on equity of 20.68%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 4.41 EPS for the current year.
Hasbro Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.70 dividend. The ex-dividend date is Friday, April 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 5.14%. Hasbro’s dividend payout ratio (DPR) is presently 191.78%.
Hasbro Profile
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.