Capital Fund Management S.A. decreased its position in shares of Hasbro Inc. (NASDAQ:HAS) by 30.3% during the second quarter, Holdings Channel reports. The institutional investor owned 132,606 shares of the company’s stock after selling 57,548 shares during the period. Capital Fund Management S.A.’s holdings in Hasbro were worth $11,138,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Scotia Capital Inc. bought a new position in Hasbro during the first quarter worth $204,000. Conning Inc. boosted its position in Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock worth $224,000 after buying an additional 10 shares during the last quarter. First Midwest Bank Trust Division bought a new position in Hasbro during the second quarter worth $228,000. Cleararc Capital Inc. bought a new position in Hasbro during the first quarter worth $219,000. Finally, Albert D Mason Inc. boosted its position in Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
Hasbro Inc. (NASDAQ:HAS) traded down 0.33% during trading on Wednesday, hitting $79.61. The stock had a trading volume of 861,169 shares. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53. The company’s 50 day moving average is $80.57 and its 200-day moving average is $82.59. The company has a market cap of $9.98 billion, a PE ratio of 20.86 and a beta of 1.11.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 18th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $878.90 million for the quarter, compared to the consensus estimate of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, equities research analysts predict that Hasbro Inc. will post $4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a $0.51 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.56%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
HAS has been the topic of a number of analyst reports. Citigroup Inc. lifted their price objective on Hasbro from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, June 6th. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $89.80 price target on the stock in a report on Monday, June 13th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. MKM Partners reissued a “hold” rating and issued a $84.00 price target on shares of Hasbro in a report on Tuesday, July 12th. Finally, Jefferies Group boosted their price target on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target 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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