Leeward Investments LLC MA Sells 5,107 Shares of Hasbro, Inc. (NASDAQ:HAS)

Leeward Investments LLC MA lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,916 shares of the company’s stock after selling 5,107 shares during the period. Leeward Investments LLC MA’s holdings in Hasbro were worth $8,326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in Hasbro by 28,552.6% during the fourth quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock worth $155,967,000 after purchasing an additional 2,779,877 shares during the period. Mizuho Securities USA LLC lifted its position in Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Smith Group Asset Management LLC bought a new stake in Hasbro during the third quarter worth about $32,032,000. Robeco Institutional Asset Management B.V. lifted its position in Hasbro by 207.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock worth $30,629,000 after purchasing an additional 369,744 shares during the period. Finally, Jennison Associates LLC increased its stake in Hasbro by 882.9% in the fourth quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock valued at $22,410,000 after acquiring an additional 360,039 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

HAS has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. Roth Mkm upped their price objective on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stifel Nicolaus dropped their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Hasbro Stock Down 2.2 %

Shares of HAS opened at $67.56 on Monday. Hasbro, Inc. has a 52 week low of $48.63 and a 52 week high of $73.46. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.60 and a beta of 0.64. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a fifty day moving average of $58.42 and a 200-day moving average of $64.21.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

About Hasbro

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.