Dimensional Fund Advisors LP raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 440,170 shares of the company’s stock after purchasing an additional 3,564 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Hasbro were worth $42,989,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HAS. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares during the period. San Francisco Sentry Investment Group CA bought a new position in shares of Hasbro during the 2nd quarter worth approximately $155,000. Highstreet Asset Management Inc. boosted its stake in shares of Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after acquiring an additional 812 shares during the period. Finally, Moors & Cabot Inc. bought a new position in shares of Hasbro during the 2nd quarter worth approximately $229,000. Hedge funds and other institutional investors own 79.32% of the company’s stock.
Several research firms recently issued reports on HAS. Zacks Investment Research downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. BidaskClub downgraded Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. DA Davidson restated a “buy” rating and issued a $124.00 price target (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. BMO Capital Markets restated a “hold” rating and issued a $83.00 price target on shares of Hasbro in a research note on Monday, November 27th. Finally, Stifel Nicolaus reduced their price target on Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hasbro currently has an average rating of “Hold” and a consensus price target of $105.81.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a return on equity of 56.23% and a net margin of 14.82%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 EPS. equities research analysts anticipate that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.28 annualized dividend and a yield of 2.43%. Hasbro’s dividend payout ratio is presently 48.61%.
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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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