OLD Second National Bank of Aurora raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,904 shares of the company’s stock after buying an additional 14 shares during the period. OLD Second National Bank of Aurora’s holdings in Hasbro were worth $2,331,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Hasbro by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,001 shares of the company’s stock valued at $30,883,000 after buying an additional 4,399 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Hasbro by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,930 shares of the company’s stock valued at $306,000 after buying an additional 240 shares during the period. Quadrature Capital Ltd increased its stake in shares of Hasbro by 106.7% in the fourth quarter. Quadrature Capital Ltd now owns 35,141 shares of the company’s stock valued at $2,734,000 after buying an additional 18,141 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Hasbro by 1.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 280,928 shares of the company’s stock valued at $21,855,000 after buying an additional 4,767 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Hasbro by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 278,233 shares of the company’s stock valued at $21,644,000 after buying an additional 18,754 shares during the period. Hedge funds and other institutional investors own 78.23% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) opened at 97.55 on Friday. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90. The company’s 50-day moving average is $108.56 and its 200-day moving average is $101.46.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same period last year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.34%. Hasbro’s dividend payout ratio (DPR) is currently 49.35%.
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Several equities research analysts have weighed in on HAS shares. Jefferies Group LLC started coverage on shares of Hasbro in a research note on Thursday, June 8th. They issued a “buy” rating and a $125.00 target price for the company. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, June 1st. DA Davidson reiterated a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research note on Tuesday, May 23rd. Argus assumed coverage on shares of Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price objective for the company. Finally, BidaskClub downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $106.69.
In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of Hasbro stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Wiebe Tinga sold 25,000 shares of Hasbro stock in a transaction that occurred 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 sale, the executive vice president now owns 85,630 shares in the company, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. Insiders have sold a total of 967,258 shares of company stock worth $101,532,888 over the last ninety days. 11.00% of the stock is owned by corporate insiders.
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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