Profund Advisors LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,211 shares of the company’s stock after purchasing an additional 1,072 shares during the period. Profund Advisors LLC’s holdings in Hasbro were worth $1,139,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of HAS. Vanguard Group Inc. increased its holdings in shares of Hasbro by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock valued at $1,216,486,000 after acquiring an additional 622,946 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Hasbro by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after acquiring an additional 700,898 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Hasbro by 2.4% during the 1st quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock valued at $546,431,000 after acquiring an additional 127,849 shares during the last quarter. State Street Corp increased its holdings in shares of Hasbro by 1.0% during the 1st quarter. State Street Corp now owns 5,013,445 shares of the company’s stock valued at $500,457,000 after acquiring an additional 49,888 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Hasbro by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock valued at $308,649,000 after acquiring an additional 26,350 shares during the last quarter. 77.79% of the stock is owned by institutional investors.
HAS has been the topic of a number of analyst reports. Jefferies Group LLC set a $125.00 price objective on Hasbro and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Monday, August 28th. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Argus initiated coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $107.27.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at 95.52 on Thursday. The firm has a 50-day moving average price of $97.19 and a 200-day moving average price of $102.08. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 20.69 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.39%. Hasbro’s dividend payout ratio is 49.35%.
In other news, EVP Barbara Finigan sold 23,483 shares of the company’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 value of $2,496,242.90. Following the transaction, the executive vice president now owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $3,079,515.20. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock worth $145,144,664 in the last 90 days. Corporate 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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