HL Financial Services LLC boosted its stake in Hasbro Inc. (NASDAQ:HAS) by 26.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,174 shares of the company’s stock after buying an additional 656 shares during the period. HL Financial Services LLC’s holdings in Hasbro were worth $267,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its position in shares of Hasbro by 5.2% in the first quarter. Glenmede Trust Co. NA now owns 51,584 shares of the company’s stock valued at $4,131,000 after buying an additional 2,560 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of Hasbro by 19.8% in the first quarter. Commonwealth Equity Services Inc now owns 21,299 shares of the company’s stock valued at $1,706,000 after buying an additional 3,517 shares during the period. Aperio Group LLC boosted its position in shares of Hasbro by 15.2% in the first quarter. Aperio Group LLC now owns 54,647 shares of the company’s stock valued at $4,377,000 after buying an additional 7,229 shares during the period. Virginia Retirement System purchased a new position in shares of Hasbro during the first quarter valued at about $1,579,000. Finally, IFP Advisors Inc boosted its position in shares of Hasbro by 183.3% in the first quarter. IFP Advisors Inc now owns 4,360 shares of the company’s stock valued at $349,000 after buying an additional 2,821 shares during the period. 76.78% of the stock is currently owned by institutional investors.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 0.08% during mid-day trading on Friday, hitting $79.33. The stock had a trading volume of 1,297,069 shares. The stock’s 50-day moving average is $80.34 and its 200 day moving average is $82.55. The firm has a market cap of $9.95 billion, a PE ratio of 20.79 and a beta of 1.11. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. Equities research analysts predict that Hasbro Inc. will post $4.04 earnings per share 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. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a yield of 2.57%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
A number of analysts have weighed in on HAS shares. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. 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 report on Tuesday, July 19th. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $89.80 target price for the company in a report on Monday, June 13th. MKM Partners restated a “hold” rating and set a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Finally, Jefferies Group upped their target price on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.90.
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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