Leeward Investments LLC MA Sells 5,261 Shares of Hasbro, Inc. (NASDAQ:HAS)

Leeward Investments LLC MA lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,769 shares of the company’s stock after selling 5,261 shares during the period. Leeward Investments LLC MA owned approximately 0.14% of Hasbro worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. Studio Investment Management LLC bought a new position in shares of Hasbro during the 3rd quarter valued at about $26,000. ING Groep NV bought a new position in shares of Hasbro during the 3rd quarter valued at about $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Hasbro during the 3rd quarter valued at about $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hasbro during the 3rd quarter valued at about $54,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 0.8 %

Shares of NASDAQ:HAS traded down $0.50 during trading on Friday, hitting $64.47. 1,881,817 shares of the company were exchanged, compared to its average volume of 1,783,488. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of -6.36, a P/E/G ratio of 1.13 and a beta of 0.74. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The firm has a fifty day moving average price of $54.43 and a two-hundred day moving average price of $51.18. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.88.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.34. The firm had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. As a group, research analysts anticipate that Hasbro, Inc. will post 3.26 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Tuesday, April 30th. Hasbro’s payout ratio is presently -27.61%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAS. Bank of America lifted their price objective on Hasbro from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday. TheStreet cut Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. boosted their target price on Hasbro from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Stifel Nicolaus boosted their target price on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Roth Mkm boosted their target price on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Hasbro currently has a consensus rating of “Hold” and an average target price of $65.73.

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.