Stevens Capital Management LP boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 104.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,823 shares of the company’s stock after acquiring an additional 34,673 shares during the period. Stevens Capital Management LP owned 0.05% of Hasbro worth $7,563,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. Investment Centers of America Inc. purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $245,000. BT Investment Management Ltd purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $1,131,000. BlueMountain Capital Management LLC grew its stake in shares of Hasbro by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 28,234 shares of the company’s stock valued at $3,148,000 after buying an additional 7,968 shares during the period. Amalgamated Bank grew its stake in shares of Hasbro by 54.9% in the 2nd quarter. Amalgamated Bank now owns 13,173 shares of the company’s stock valued at $1,469,000 after buying an additional 4,671 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Hasbro by 7.6% in the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after buying an additional 700,898 shares during the period. 79.69% of the stock is owned by institutional investors.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded down 0.24% during mid-day trading on Friday, hitting $94.84. 1,454,306 shares of the company traded hands. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 20.54 and a beta of 0.92. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20. The firm has a 50-day moving average price of $97.86 and a 200 day moving average price of $102.06.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. Hasbro’s dividend payout ratio (DPR) is 49.35%.
In other news, Director Alan G. Hassenfeld sold 276 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at $2,900,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President John Frascotti sold 25,658 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the sale, the president now directly owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,423,264 shares of company stock valued at $145,144,664. Insiders own 11.00% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Hasbro in a research report on Thursday, August 31st. DA Davidson reaffirmed a “buy” rating and set a $118.00 price objective on shares of Hasbro in a research report on Tuesday, May 23rd. Argus assumed coverage on shares of Hasbro in a research report on Friday, June 16th. They set 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 report on Friday, June 30th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $107.27.
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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