Federated Investors Inc. PA raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 121.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,797 shares of the company’s stock after purchasing an additional 3,181 shares during the quarter. Federated Investors Inc. PA’s holdings in Hasbro were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in HAS. BlackRock Inc. grew its stake in shares of Hasbro by 1,141.5% during the 1st quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock worth $916,321,000 after acquiring an additional 8,440,294 shares during the period. Lansdowne Partners UK LLP grew its stake in shares of Hasbro by 71.2% during the 1st quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock worth $239,369,000 after acquiring an additional 997,698 shares during the period. Vanguard Group Inc. grew its stake in shares of Hasbro by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock worth $1,216,486,000 after acquiring an additional 622,946 shares during the period. FMR LLC grew its stake in shares of Hasbro by 88.1% during the 1st quarter. FMR LLC now owns 1,236,058 shares of the company’s stock worth $123,383,000 after acquiring an additional 578,781 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Hasbro by 84.3% during the 1st quarter. Renaissance Technologies LLC now owns 601,900 shares of the company’s stock worth $60,082,000 after acquiring an additional 275,400 shares during the period. Hedge funds and other institutional investors own 77.79% of the company’s stock.
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In other news, EVP Wiebe Tinga sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $104.01, for a total value of $2,600,250.00. Following the completion of the transaction, the executive vice president now owns 85,630 shares of the company’s stock, valued at $8,906,376.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total value of $2,496,242.90. Following the completion of the transaction, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at approximately $3,438,273.50. The disclosure for this sale can be found here. Insiders have sold 1,423,264 shares of company stock valued at $145,144,664 in the last three months. 11.00% of the stock is currently owned by corporate insiders.
Hasbro, Inc. (NASDAQ HAS) opened at 94.99 on Wednesday. The company has a market cap of $11.88 billion, a P/E ratio of 20.57 and a beta of 0.92. The firm has a 50-day moving average price of $97.19 and a 200 day moving average price of $102.08. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The business had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Hasbro’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently 49.35%.
HAS has been the subject of several research reports. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price target on shares of Hasbro in a research note on Thursday, August 31st. DA Davidson reiterated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Tuesday, May 23rd. Argus initiated coverage on Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price target for the company. Finally, BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hasbro currently 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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