BlueMountain Capital Management LLC Boosts Stake in Hasbro, Inc. (HAS)
BlueMountain Capital Management LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,234 shares of the company’s stock after buying an additional 7,968 shares during the period. BlueMountain Capital Management LLC’s holdings in Hasbro were worth $3,148,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of HAS. Acadian Asset Management LLC boosted its holdings in shares of Hasbro by 5,800.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after buying an additional 1,392 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Hasbro by 75.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,358 shares of the company’s stock valued at $969,000 after buying an additional 4,033 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Hasbro by 3.3% in the 1st quarter. Suntrust Banks Inc. now owns 5,947 shares of the company’s stock valued at $593,000 after buying an additional 192 shares during the period. Comerica Bank boosted its holdings in shares of Hasbro by 2.0% in the 1st quarter. Comerica Bank now owns 33,860 shares of the company’s stock valued at $3,403,000 after buying an additional 657 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Hasbro by 10.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 309,361 shares of the company’s stock valued at $30,880,000 after buying an additional 28,433 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 94.84 on Friday. The company has a 50 day moving average of $97.86 and a 200-day moving average of $102.06. Hasbro, Inc. has a 12-month low of $76.14 and a 12-month high of $116.20. The company has a market capitalization of $11.86 billion, a P/E ratio of 20.54 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. On average, equities 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. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. Hasbro’s payout ratio is presently 49.35%.
In related news, EVP Stephen J. Davis sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.57, for a total value of $146,355.00. Following the sale, the executive vice president now directly owns 39,125 shares in the company, valued at approximately $3,817,426.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the stock in a transaction that occurred 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 owns 28,511 shares in the company, valued at $3,036,706.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,423,264 shares of company stock worth $145,144,664. Corporate insiders own 11.00% of the company’s stock.
Several research analysts have recently commented on HAS shares. Jefferies Group LLC set a $125.00 price target on shares of Hasbro and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Monday, August 28th. BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $118.00 price target on shares of Hasbro in a report on Tuesday, May 23rd. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $107.27.
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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