JPMorgan Chase & Co. boosted its stake in Hasbro Inc. (NASDAQ:HAS) by 31.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 224,745 shares of the company’s stock after buying an additional 53,835 shares during the period. JPMorgan Chase & Co. owned 0.18% of Hasbro worth $18,875,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co boosted its stake in Hasbro by 3.2% in the second quarter. CENTRAL TRUST Co now owns 2,505 shares of the company’s stock worth $210,000 after buying an additional 78 shares during the period. Ameriprise Financial Inc. boosted its stake in Hasbro by 7.5% in the second quarter. Ameriprise Financial Inc. now owns 209,200 shares of the company’s stock worth $17,562,000 after buying an additional 14,514 shares during the period. Norinchukin Bank The boosted its stake in Hasbro by 2.1% in the second quarter. Norinchukin Bank The now owns 5,886 shares of the company’s stock worth $494,000 after buying an additional 122 shares during the period. Janney Montgomery Scott LLC boosted its stake in Hasbro by 86.4% in the second quarter. Janney Montgomery Scott LLC now owns 40,778 shares of the company’s stock worth $3,113,000 after buying an additional 18,898 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Hasbro during the second quarter worth approximately $476,000. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hasbro Inc. (NASDAQ:HAS) traded up 0.838% on Tuesday, reaching $80.035. 531,093 shares of the company traded hands. Hasbro Inc. has a 1-year low of $64.91 and a 1-year high of $88.53. The stock has a 50-day moving average price of $80.62 and a 200 day moving average price of $82.58. The firm has a market capitalization of $10.04 billion, a P/E ratio of 20.974 and a beta of 1.11.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The company had revenue of $878.90 million for the quarter, compared to analysts’ expectations of $858.97 million. During the same quarter last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Hasbro Inc. will post $4.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio is currently 53.40%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, September 19th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price target on the stock in a report on Monday, September 12th. Barclays PLC lowered their price target on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price target on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Jefferies Group lifted their price target on shares of Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $86.41.
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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