Nomura Holdings Inc. acquired a new position in Hasbro Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,100 shares of the company’s stock, valued at approximately $261,000.
A number of other institutional investors also recently made changes to their positions in HAS. Tower Research Capital LLC TRC purchased a new stake in Hasbro during the second quarter valued at about $115,000. Mizuho Asset Management Co. Ltd. increased its stake in Hasbro by 77.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,476 shares of the company’s stock valued at $124,000 after buying an additional 645 shares in the last quarter. Global X Management Co. LLC increased its stake in Hasbro by 380.0% in the second quarter. Global X Management Co. LLC now owns 1,560 shares of the company’s stock valued at $131,000 after buying an additional 1,235 shares in the last quarter. Pacer Advisors Inc. increased its stake in Hasbro by 21.6% in the second quarter. Pacer Advisors Inc. now owns 2,057 shares of the company’s stock valued at $173,000 after buying an additional 366 shares in the last quarter. Finally, National Asset Management Inc. purchased a new stake in Hasbro during the second quarter valued at about $203,000. Hedge funds and other institutional investors own 76.78% of the company’s stock.
Shares of Hasbro Inc. (NASDAQ:HAS) opened at 79.39 on Friday. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The firm has a market cap of $9.96 billion, a PE ratio of 20.80 and a beta of 1.11. The firm’s 50-day moving average price is $80.44 and its 200-day moving average price is $82.55.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company earned $878.90 million during the quarter, compared to the consensus estimate of $858.97 million. During the same period in the previous year, the firm posted $0.33 earnings per share. Hasbro’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that Hasbro Inc. will post $4.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a yield of 2.57%. Hasbro’s payout ratio is currently 53.40%.
HAS has been the topic of several research analyst reports. Piper Jaffray Cos. upgraded Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price objective on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $85.90 target price for the company in a research note on Monday, September 12th. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, September 19th. Barclays PLC lowered their target price on Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Finally, MKM Partners reissued a “hold” rating and set a $84.00 target price on shares of Hasbro in a research note on Tuesday, July 12th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hasbro currently has an average rating of “Hold” and a consensus price target of $86.41.
Hasbro Company Profile
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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