Hasbro Inc. (HAS) Short Interest Up 49.0% in October
Hasbro Inc. (NASDAQ:HAS) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 7,989,788 shares, a growth of 49.0% from the October 14th total of 5,363,424 shares. Approximately 7.2% of the shares of the stock are short sold. Based on an average daily volume of 2,174,607 shares, the short-interest ratio is currently 3.7 days.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners bought a new position in shares of Hasbro during the third quarter valued at about $77,211,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Hasbro by 25.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,031,634 shares of the company’s stock valued at $338,617,000 after buying an additional 808,094 shares during the period. Victory Capital Management Inc. increased its position in shares of Hasbro by 4,198.9% in the third quarter. Victory Capital Management Inc. now owns 432,986 shares of the company’s stock valued at $34,349,000 after buying an additional 422,914 shares during the period. Kleinwort Benson Investors Dublin Ltd bought a new position in shares of Hasbro during the second quarter valued at about $33,896,000. Finally, FMR LLC increased its position in shares of Hasbro by 19.8% in the second quarter. FMR LLC now owns 2,317,469 shares of the company’s stock valued at $194,644,000 after buying an additional 382,740 shares during the period. Institutional investors own 76.77% of the company’s stock.
Hasbro (NASDAQ:HAS) opened at 83.90 on Friday. Hasbro has a 52-week low of $64.91 and a 52-week high of $88.53. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 19.93 and a beta of 0.85. The stock has a 50 day moving average price of $80.97 and a 200 day moving average price of $82.70.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 17th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.74 by $0.29. Hasbro had a net margin of 11.01% and a return on equity of 32.27%. The business earned $1.68 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Analysts anticipate that Hasbro will post $4.13 EPS for the current fiscal year.
HAS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, September 19th. Vetr raised Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price target for the company in a report on Monday, September 12th. Barclays PLC reaffirmed an “equal weight” rating on shares of Hasbro in a report on Friday, October 21st. Jefferies Group reaffirmed a “hold” rating and set a $82.00 price target on shares of Hasbro in a report on Thursday, October 13th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $84.00 price target on shares of Hasbro in a report on Friday, October 14th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hasbro presently has a consensus rating of “Hold” and a consensus target price of $86.90.
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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