Axa increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,698 shares of the company’s stock after acquiring an additional 3,414 shares during the period. Axa’s holdings in Hasbro were worth $4,650,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Hasbro by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock worth $308,649,000 after acquiring an additional 26,350 shares in the last quarter. Franklin Resources Inc. acquired a new position in Hasbro during the 2nd quarter worth about $627,000. Engineers Gate Manager LP lifted its stake in Hasbro by 37.5% during the 2nd quarter. Engineers Gate Manager LP now owns 36,912 shares of the company’s stock worth $4,116,000 after acquiring an additional 10,074 shares in the last quarter. Tredje AP fonden lifted its stake in Hasbro by 31.1% during the 2nd quarter. Tredje AP fonden now owns 22,800 shares of the company’s stock worth $2,542,000 after acquiring an additional 5,410 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Hasbro by 341.0% during the 2nd quarter. Schroder Investment Management Group now owns 63,058 shares of the company’s stock worth $6,941,000 after acquiring an additional 48,758 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $106.51, for a total value of $2,471,138.51. Following the completion of the sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen J. Davis sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $97.57, for a total value of $146,355.00. Following the completion of the sale, the executive vice president now directly owns 39,125 shares of the company’s stock, valued at $3,817,426.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,423,264 shares of company stock worth $145,144,664. Insiders own 11.00% of the company’s stock.
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HAS has been the topic of several research reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Monday, May 22nd. DA Davidson restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a report on Tuesday, May 23rd. Jefferies Group LLC initiated coverage on Hasbro in a report on Thursday, June 8th. They set a “buy” rating and a $125.00 price target on the stock. Argus initiated coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 price target on the stock. Finally, BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hasbro has a consensus rating of “Hold” and a consensus target price of $107.27.
Hasbro, Inc. (NASDAQ:HAS) opened at 94.84 on Friday. The company’s 50-day moving average price is $97.86 and its 200-day moving average price is $102.06. The stock has a market cap of $11.86 billion, a P/E ratio of 20.54 and a beta of 0.92. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business had revenue of $972.51 million for the quarter, compared to analysts’ expectations of $974.19 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post $5.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is 49.35%.
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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