Hasbro, Inc. (HAS) Holdings Lifted by Schroder Investment Management Group
Schroder Investment Management Group boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 341.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,058 shares of the company’s stock after buying an additional 48,758 shares during the quarter. Schroder Investment Management Group owned 0.05% of Hasbro worth $6,941,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of HAS. TrimTabs Asset Management LLC acquired a new position in Hasbro during the first quarter worth about $119,000. Meeder Asset Management Inc. acquired a new position in Hasbro during the first quarter worth about $131,000. Oakworth Capital Inc. grew its position in Hasbro by 7.2% during the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the period. Acadian Asset Management LLC grew its position in Hasbro by 5,800.0% during the first quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock worth $141,000 after buying an additional 1,392 shares during the period. Finally, Van ECK Associates Corp grew its position in Hasbro by 7.0% during the first quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after buying an additional 108 shares during the period. Institutional investors own 77.79% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 94.84 on Monday. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20. The company’s 50-day moving average is $97.86 and its 200-day moving average is $102.06. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 20.54 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Hasbro, Inc. will post $5.07 earnings per share 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 $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is 49.35%.
In other news, Director Alan G. Hassenfeld sold 99,615 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total value of $9,701,504.85. Following the completion of the sale, the director now directly owns 29,140 shares in the company, valued at $2,837,944.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President John Frascotti sold 25,658 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the sale, the president now owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The disclosure for this sale can be found here. Insiders sold 1,423,264 shares of company stock valued at $145,144,664 over the last three months. Insiders own 11.00% of the company’s stock.
Several research firms have recently commented on HAS. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research report on Thursday, August 31st. DA Davidson reiterated a “buy” rating and issued a $118.00 price target on shares of Hasbro in a research report on Tuesday, May 23rd. Argus began coverage on shares of Hasbro in a research report on Friday, June 16th. They issued a “buy” rating and a $128.00 price target on the stock. Finally, BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $107.27.
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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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