Acadian Asset Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 532.0% during the second quarter, Holdings Channel reports. The institutional investor owned 8,949 shares of the company’s stock after buying an additional 7,533 shares during the period. Acadian Asset Management LLC’s holdings in Hasbro were worth $998,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its position in Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock worth $633,000 after buying an additional 652 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Hasbro by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock worth $65,125,000 after buying an additional 37,803 shares during the period. Toronto Dominion Bank boosted its position in Hasbro by 55.9% in the first quarter. Toronto Dominion Bank now owns 30,192 shares of the company’s stock worth $3,013,000 after buying an additional 10,821 shares during the period. Swiss National Bank boosted its position in Hasbro by 28.1% in the first quarter. Swiss National Bank now owns 397,946 shares of the company’s stock worth $39,723,000 after buying an additional 87,300 shares during the period. Finally, American International Group Inc. boosted its position in Hasbro by 2.9% in the first quarter. American International Group Inc. now owns 200,480 shares of the company’s stock worth $20,012,000 after buying an additional 5,613 shares during the period. Hedge funds and other institutional investors own 78.23% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) traded down 0.41% during midday trading on Friday, reaching $97.42. 488,439 shares of the company traded hands. The stock has a market capitalization of $12.19 billion, a P/E ratio of 21.10 and a beta of 0.90. The company has a 50 day moving average of $108.92 and a 200-day moving average of $101.36. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%. Hasbro’s payout ratio is 49.35%.
A number of research firms have recently issued reports on HAS. Stifel Nicolaus reiterated a “hold” rating and issued a $108.00 target price on shares of Hasbro in a research note on Thursday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research note on Friday, July 21st. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Friday, July 14th. Finally, BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $106.69.
In related news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the completion of the sale, the executive vice president now directly owns 28,511 shares in the company, valued at approximately $3,036,706.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan G. Hassenfeld sold 280,906 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 967,258 shares of company stock valued at $101,532,888. Company insiders own 11.00% of the company’s stock.
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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