Clearbridge Investments LLC boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,883 shares of the company’s stock after buying an additional 2,129 shares during the period. Clearbridge Investments LLC owned approximately 0.31% of Hasbro worth $38,718,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of HAS. Acrospire Investment Management LLC raised its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. raised its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC bought a new stake in shares of Hasbro during the first quarter valued at approximately $119,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Hasbro during the first quarter valued at approximately $131,000. Institutional investors own 78.55% of the company’s stock.
Shares of Hasbro, Inc. (HAS) traded down 0.31% during midday trading on Friday, hitting $105.74. 1,305,443 shares of the company traded hands. The company has a 50-day moving average price of $110.69 and a 200-day moving average price of $100.25. The stock has a market capitalization of $13.25 billion, a P/E ratio of 22.90 and a beta of 0.92. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. Hasbro’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Analysts anticipate that Hasbro, Inc. will post $5.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 annualized dividend and a dividend yield of 2.16%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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Several analysts have commented on HAS shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a report on Monday, April 3rd. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Monday, May 22nd. DA Davidson restated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a report on Tuesday, May 23rd. Jefferies Group LLC started coverage on shares of Hasbro in a report on Thursday, June 8th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Argus started coverage on shares of Hasbro in a report on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $106.62.
In related news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the completion of the transaction, the executive vice president now owns 28,511 shares in the company, valued at approximately $3,036,706.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Barbara Finigan sold 23,483 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the transaction, the executive vice president now owns 32,345 shares of the company’s stock, valued at approximately $3,438,273.50. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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