Easterly Investment Partners LLC lessened its holdings in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,222 shares of the company’s stock after selling 43,466 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.06% of Hasbro worth $9,081,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co raised its holdings in Hasbro by 4.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,728 shares of the company’s stock worth $278,000 after purchasing an additional 117 shares during the last quarter. Motco raised its holdings in Hasbro by 1.7% during the 4th quarter. Motco now owns 71,236 shares of the company’s stock worth $7,251,000 after purchasing an additional 1,172 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Hasbro by 4.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 102,815 shares of the company’s stock worth $10,464,000 after purchasing an additional 4,032 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Hasbro by 12.8% during the 4th quarter. Natixis Advisors L.P. now owns 183,420 shares of the company’s stock worth $18,669,000 after purchasing an additional 20,757 shares during the last quarter. Finally, Distillate Capital Partners LLC raised its holdings in Hasbro by 47.1% during the 4th quarter. Distillate Capital Partners LLC now owns 44,137 shares of the company’s stock worth $4,492,000 after purchasing an additional 14,124 shares during the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
In other news, CEO Christian P. Cocks acquired 10,102 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were acquired at an average cost of $89.59 per share, for a total transaction of $905,038.18. Following the purchase, the chief executive officer now owns 65,945 shares of the company’s stock, valued at approximately $5,908,012.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Raymond Burns acquired 2,500 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was purchased at an average price of $87.70 per share, for a total transaction of $219,250.00. Following the completion of the purchase, the director now directly owns 16,398 shares in the company, valued at approximately $1,438,104.60. The disclosure for this purchase can be found here. Insiders own 8.40% of the company’s stock.
HAS traded down $2.40 during mid-day trading on Friday, reaching $88.06. 1,510,294 shares of the stock were exchanged, compared to its average volume of 1,327,360. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.28 and a current ratio of 1.59. The stock has a market capitalization of $12.28 billion, a PE ratio of 32.74 and a beta of 0.97. The company has a 50 day moving average price of $88.22 and a two-hundred day moving average price of $94.08. Hasbro, Inc. has a 1 year low of $81.16 and a 1 year high of $105.73.
Hasbro (NASDAQ:HAS – Get Rating) last released its earnings results on Tuesday, April 19th. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.11). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Hasbro had a return on equity of 21.98% and a net margin of 5.78%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Sell-side analysts expect that Hasbro, Inc. will post 5.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Hasbro’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, April 29th. Hasbro’s payout ratio is presently 101.12%.
About Hasbro (Get Rating)
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.
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