Northwestern Mutual Wealth Management Co. grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 25.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,811 shares of the company’s stock after acquiring an additional 1,584 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hasbro were worth $664,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc increased its holdings in shares of Hasbro by 2.9% during the third quarter. Vanguard Group Inc now owns 13,173,757 shares of the company’s stock valued at $1,384,826,000 after acquiring an additional 368,897 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hasbro by 1.2% during the first quarter. BlackRock Inc. now owns 8,446,739 shares of the company’s stock valued at $718,144,000 after buying an additional 102,935 shares during the last quarter. Ronna Sue Cohen boosted its position in shares of Hasbro by 8,221.2% during the first quarter. Ronna Sue Cohen now owns 3,609,174 shares of the company’s stock valued at $3,609,000 after buying an additional 3,565,801 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Hasbro by 6.4% during the fourth quarter. Principal Financial Group Inc. now owns 3,570,661 shares of the company’s stock valued at $290,117,000 after buying an additional 213,975 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Hasbro by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,413,315 shares of the company’s stock valued at $277,331,000 after buying an additional 597,909 shares during the last quarter. Hedge funds and other institutional investors own 86.93% of the company’s stock.
HAS has been the topic of several recent analyst reports. BidaskClub cut Hasbro from a “sell” rating to a “strong sell” rating in a research report on Friday, March 15th. Citigroup increased their price objective on Hasbro from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price objective on Hasbro from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. BMO Capital Markets raised Hasbro from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $75.00 to $88.00 in a research report on Monday, March 4th. Finally, DA Davidson raised their target price on Hasbro to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $106.07.
NASDAQ:HAS traded down $0.24 on Friday, hitting $105.68. The stock had a trading volume of 1,782,313 shares, compared to its average volume of 819,701. The business has a 50-day moving average price of $101.98. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a 52-week low of $76.84 and a 52-week high of $109.60. The stock has a market cap of $13.33 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.19 and a beta of 1.01.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.29. Hasbro had a return on equity of 28.50% and a net margin of 7.83%. The firm had revenue of $732.51 million for the quarter, compared to the consensus estimate of $665.96 million. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 4.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, July 31st. Hasbro’s dividend payout ratio (DPR) is currently 70.65%.
Hasbro Company Profile
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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