Private Advisor Group LLC increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 86.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,062 shares of the company’s stock after purchasing an additional 2,815 shares during the period. Private Advisor Group LLC’s holdings in Hasbro were worth $563,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio increased its position in Hasbro by 4.4% in the 2nd quarter. Strs Ohio now owns 12,266 shares of the company’s stock valued at $1,132,000 after acquiring an additional 522 shares during the period. Suntrust Banks Inc. increased its position in Hasbro by 8.4% in the 1st quarter. Suntrust Banks Inc. now owns 7,650 shares of the company’s stock valued at $644,000 after acquiring an additional 596 shares during the period. Advisor Partners LLC increased its position in Hasbro by 23.8% in the 2nd quarter. Advisor Partners LLC now owns 3,363 shares of the company’s stock valued at $310,000 after acquiring an additional 647 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Hasbro by 12.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,916 shares of the company’s stock valued at $499,000 after purchasing an additional 659 shares during the period. Finally, BLB&B Advisors LLC increased its position in shares of Hasbro by 25.7% during the 2nd quarter. BLB&B Advisors LLC now owns 3,299 shares of the company’s stock valued at $305,000 after purchasing an additional 675 shares during the period. 80.08% of the stock is currently owned by institutional investors and hedge funds.
HAS has been the topic of several research analyst reports. BMO Capital Markets cut Hasbro from a “market perform” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research report on Monday, July 16th. Jefferies Financial Group set a $120.00 price target on Hasbro and gave the company a “buy” rating in a research report on Tuesday, July 24th. BidaskClub upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. SunTrust Banks lifted their price target on Hasbro to $108.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. Finally, Citigroup lifted their price target on Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Hasbro presently has an average rating of “Buy” and a consensus price target of $107.59.
In related news, EVP Dolph Johnson sold 22,842 shares of Hasbro stock in a transaction on Monday, August 27th. The stock was sold at an average price of $101.39, for a total transaction of $2,315,950.38. Following the completion of the sale, the executive vice president now owns 31,843 shares of the company’s stock, valued at $3,228,561.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tarrant L. Sibley sold 1,525 shares of Hasbro stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total value of $152,500.00. Following the sale, the senior vice president now directly owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,645 shares of company stock valued at $10,796,944. Corporate insiders own 9.90% of the company’s stock.
HAS opened at $99.29 on Wednesday. The firm has a market cap of $12.61 billion, a PE ratio of 19.98, a P/E/G ratio of 1.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.69 and a quick ratio of 2.11. Hasbro, Inc. has a fifty-two week low of $79.00 and a fifty-two week high of $107.58.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 23rd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.19. The business had revenue of $904.50 million during the quarter, compared to analyst estimates of $839.29 million. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. equities research analysts forecast that Hasbro, Inc. will post 4.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, October 31st. Hasbro’s dividend payout ratio is presently 46.15%.
Hasbro announced that its board has initiated a share repurchase plan on Thursday, May 17th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 4.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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