Hasbro, Inc. (HAS) Position Lifted by Gotham Asset Management LLC
Gotham Asset Management LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,783 shares of the company’s stock after acquiring an additional 19,487 shares during the quarter. Gotham Asset Management LLC owned about 0.18% of Hasbro worth $25,735,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its stake in Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after purchasing an additional 32 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Hasbro during the 1st quarter valued at approximately $131,000. Oakworth Capital Inc. increased its stake in Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after purchasing an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Hasbro during the 2nd quarter valued at approximately $155,000. Finally, Van ECK Associates Corp increased its stake in Hasbro by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock valued at $165,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 77.79% of the company’s stock.
In other Hasbro news, CEO Brian Goldner sold 205,656 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.69, for a total value of $21,735,782.64. Following the transaction, the chief executive officer now directly owns 354,891 shares of the company’s stock, valued at approximately $37,508,429.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barbara Finigan sold 23,483 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the transaction, the executive vice president now directly owns 32,345 shares in the company, valued at $3,438,273.50. 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 three months. 11.00% of the stock is currently owned by corporate insiders.
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Shares of Hasbro, Inc. (HAS) traded down 0.43% during mid-day trading on Friday, reaching $96.16. 231,038 shares of the company were exchanged. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20. The stock has a 50 day moving average price of $95.72 and a 200-day moving average price of $101.91. The stock has a market capitalization of $12.03 billion, a P/E ratio of 20.83 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The company 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%. Hasbro’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Analysts predict that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.36%. Hasbro’s dividend payout ratio is currently 49.35%.
A number of brokerages have issued reports on HAS. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Jefferies Group LLC began 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. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Stifel Nicolaus restated a “hold” rating and set a $107.00 price target (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Monday. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $107.84.
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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