Nicholas Investment Partners LP purchased a new position in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 37,866 shares of the company’s stock, valued at approximately $4,222,000.
A number of other hedge funds also recently added to or reduced their stakes in HAS. TrimTabs Asset Management LLC purchased a new stake in shares of Hasbro in the 1st quarter valued at $119,000. Meeder Asset Management Inc. purchased a new stake in shares of Hasbro in the 1st quarter valued at $131,000. Oakworth Capital Inc. boosted its stake in shares of Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after purchasing an additional 81 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Hasbro by 5,800.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after purchasing an additional 1,392 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Hasbro by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock valued at $165,000 after purchasing an additional 108 shares in the last quarter. 77.79% of the stock is owned by institutional investors and hedge funds.
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HAS has been the subject of a number of research reports. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Thursday, August 31st. DA Davidson reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Tuesday, May 23rd. Argus initiated coverage on shares of Hasbro in a research note on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective for the company. Finally, BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hasbro currently has a consensus rating of “Hold” and a consensus target price of $107.27.
In other news, EVP Wiebe Tinga sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the completion of the sale, the executive vice president now directly owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The disclosure for this sale can be found here. Insiders have sold 1,423,264 shares of company stock valued at $145,144,664 over the last three months. Insiders own 11.00% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) traded up 2.36% on Tuesday, reaching $95.44. 857,800 shares of the company’s stock traded hands. The firm has a market cap of $11.94 billion, a P/E ratio of 20.67 and a beta of 0.92. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20. The stock has a 50-day moving average of $97.51 and a 200 day moving average of $102.10.
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 company 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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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