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

Leeward Investments LLC MA lowered its position in Hasbro, Inc. (NASDAQ:HAS) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 194,769 shares of the company’s stock after selling 5,261 shares during the period. Leeward Investments LLC MA’s holdings in Hasbro were worth $9,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Studio Investment Management LLC bought a new position in shares of Hasbro in the third quarter valued at approximately $26,000. ING Groep NV bought a new position in shares of Hasbro in the third quarter valued at approximately $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hasbro by 300.0% in the fourth 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 in the third quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Hasbro in the third quarter valued at approximately $54,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HAS. TheStreet lowered Hasbro from a “c-” rating to a “d+” rating in a report on Tuesday, February 13th. Bank of America raised their target price on Hasbro from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday. DA Davidson reaffirmed a “neutral” rating and set a $52.00 price target on shares of Hasbro in a research report on Tuesday, March 26th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Monness Crespi & Hardt boosted their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $65.73.

Hasbro Stock Performance

Shares of HAS traded down $0.50 during mid-day trading on Friday, hitting $64.47. The stock had a trading volume of 1,881,817 shares, compared to its average volume of 1,783,488. The firm has a market cap of $8.95 billion, a P/E ratio of -6.36, a PEG ratio of 1.13 and a beta of 0.74. The business has a fifty day moving average price of $54.43 and a 200-day moving average price of $51.18. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.97. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 3.26 EPS for the current year.

Hasbro Announces Dividend

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

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.