IFM Investors Pty Ltd purchased a new position in Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,148 shares of the company’s stock, valued at approximately $307,000.
Other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Hasbro by 7,100.0% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after buying an additional 32 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of Hasbro during the second quarter worth about $155,000. Highstreet Asset Management Inc. grew its holdings in shares of Hasbro by 105.2% during the third quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after buying an additional 812 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Hasbro during the second quarter worth about $167,000. Institutional investors own 79.83% of the company’s stock.
A number of research firms have weighed in on HAS. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets restated a “hold” rating and issued a $83.00 price target on shares of Hasbro in a research note on Monday, November 27th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. UBS set a $104.00 price target on Hasbro and gave the company a “hold” rating in a research note on Monday, November 13th. Finally, DA Davidson set a $124.00 price target on Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hasbro has a consensus rating of “Hold” and a consensus price target of $105.99.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the firm posted $2.03 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. sell-side analysts anticipate that Hasbro, Inc. will post 5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.57 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.42%. Hasbro’s payout ratio is 48.61%.
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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