Bp Plc increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 37.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,000 shares of the company’s stock after buying an additional 25,000 shares during the period. Bp Plc owned approximately 0.07% of Hasbro worth $10,259,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Advisor Partners LLC acquired a new position in shares of Hasbro during the second quarter valued at approximately $233,000. Retirement Systems of Alabama increased its position in shares of Hasbro by 0.9% in the second quarter. Retirement Systems of Alabama now owns 54,549 shares of the company’s stock valued at $6,083,000 after buying an additional 472 shares during the period. IFP Advisors Inc increased its position in shares of Hasbro by 4.6% in the second quarter. IFP Advisors Inc now owns 6,880 shares of the company’s stock valued at $767,000 after buying an additional 302 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in shares of Hasbro during the second quarter valued at approximately $839,000. Finally, Oakworth Capital Inc. increased its position in shares of Hasbro by 7.2% in the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after buying an additional 81 shares during the period. Institutional investors own 78.23% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at 103.02 on Tuesday. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The firm has a market cap of $12.90 billion, a PE ratio of 22.31 and a beta of 0.90. The firm’s 50-day moving average price is $110.57 and its 200-day moving average price is $100.83.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $972.51 million for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $0.41 EPS. Equities research analysts expect that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.
The business 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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Several brokerages have commented on HAS. Stifel Nicolaus reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Hasbro in a research report on Thursday, August 3rd. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price objective (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research report on Friday, July 21st. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Friday, July 14th. Finally, BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Nine investment 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. Hasbro has an average rating of “Buy” and an average price target of $106.69.
In related news, EVP Wiebe Tinga sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $104.01, for a total value of $2,600,250.00. Following the sale, the executive vice president now owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the completion of the sale, the chief executive officer now directly owns 354,891 shares in the company, valued at approximately $37,508,429.79. The disclosure for this sale can be found here. Insiders have sold 814,917 shares of company stock valued at $86,222,617 in the last ninety days. 11.00% of the stock is owned by company 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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