Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154,023 shares of the company’s stock after selling 39,905 shares during the period. Leeward Investments LLC MA’s holdings in Hasbro were worth $11,139,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HAS. Axiom Advisory LLC grew its position in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after buying an additional 170 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after acquiring an additional 179 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Hasbro by 0.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after buying an additional 288 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 5.2 %

Shares of NASDAQ HAS opened at $63.49 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.46. The company has a market cap of $8.86 billion, a price-to-earnings ratio of -13.68, a P/E/G ratio of 0.61 and a beta of 0.63. The business has a fifty day simple moving average of $69.60 and a 200-day simple moving average of $64.22.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period last year, the company posted $1.64 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.41%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HAS shares. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Bank of America lifted their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley raised their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.67.

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.