Hasbro, Inc. (HAS) Position Lifted by Tredje AP fonden
Tredje AP fonden increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 31.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,800 shares of the company’s stock after acquiring an additional 5,410 shares during the quarter. Tredje AP fonden’s holdings in Hasbro were worth $2,542,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Acadian Asset Management LLC raised its stake in shares of Hasbro by 5,800.0% during the 1st quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock worth $141,000 after acquiring an additional 1,392 shares in the last quarter. Strs Ohio increased its stake in Hasbro by 11.2% during the 1st quarter. Strs Ohio now owns 16,889 shares of the company’s stock valued at $1,685,000 after purchasing an additional 1,706 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Hasbro by 75.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,358 shares of the company’s stock valued at $969,000 after purchasing an additional 4,033 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Hasbro by 10.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the company’s stock valued at $319,000 after purchasing an additional 300 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in Hasbro by 3.3% during the 1st quarter. Suntrust Banks Inc. now owns 5,947 shares of the company’s stock valued at $593,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 94.09 on Friday. The stock has a 50 day moving average of $99.68 and a 200 day moving average of $102.16. The stock has a market capitalization of $11.77 billion, a P/E ratio of 20.38 and a beta of 0.92. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $972.51 million for the quarter, compared to analysts’ expectations of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently announced 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 2.42%. Hasbro’s payout ratio is 49.35%.
A number of research analysts have issued reports on HAS shares. BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. DA Davidson restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Monday, May 22nd. Jefferies Group LLC started coverage on shares of Hasbro in a research note on Thursday, June 8th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Argus started coverage on shares of Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $106.04.
In other news, President John Frascotti sold 25,658 shares of Hasbro stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total value of $2,432,634.98. Following the transaction, the president now directly owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan G. Hassenfeld sold 99,615 shares of Hasbro stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total transaction of $9,701,504.85. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at $2,837,944.60. The disclosure for this sale can be found here. Insiders sold a total of 1,423,264 shares of company stock worth $145,144,664 over the last ninety days. Corporate 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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