Public Employees Retirement Association of Colorado raised its position in Hasbro, Inc. (NASDAQ:HAS) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,973 shares of the company’s stock after buying an additional 8 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Hasbro were worth $2,450,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in HAS. Creative Planning boosted its position in shares of Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock valued at $633,000 after buying an additional 652 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Hasbro by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock valued at $65,125,000 after buying an additional 37,803 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Hasbro by 55.9% in the first quarter. Toronto Dominion Bank now owns 30,192 shares of the company’s stock valued at $3,013,000 after buying an additional 10,821 shares during the last quarter. Swiss National Bank boosted its position in shares of Hasbro by 28.1% in the first quarter. Swiss National Bank now owns 397,946 shares of the company’s stock valued at $39,723,000 after buying an additional 87,300 shares during the last quarter. Finally, James Investment Research Inc. purchased a new position in shares of Hasbro during the second quarter valued at $1,441,000. 79.23% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro, Inc. (NASDAQ HAS) traded down 1.70% during mid-day trading on Friday, hitting $95.51. 1,399,735 shares of the stock traded hands. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The company has a market cap of $11.95 billion, a P/E ratio of 20.69 and a beta of 0.90. The stock has a 50 day moving average price of $106.64 and a 200-day moving average price of $101.94.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $974.19 million. During the same period in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts forecast that Hasbro, Inc. will post $5.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. Hasbro’s payout ratio is currently 49.35%.
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Several research analysts have recently weighed in on the stock. Barclays PLC lowered their price target on shares of Hasbro from $109.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 26th. Stifel Nicolaus reissued a “hold” rating and set a $100.00 price target (up previously from $95.00) on shares of Hasbro in a research report on Tuesday, April 25th. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC assumed coverage on shares of Hasbro in a research report on Thursday, June 8th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hasbro currently has an average rating of “Hold” and a consensus target price of $105.69.
In related news, EVP Thomas J. Jr. Courtney sold 23,201 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the completion of the transaction, the executive vice president now directly owns 28,511 shares in the company, valued at approximately $3,036,706.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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 owns 354,891 shares of the company’s stock, valued at $37,508,429.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 967,534 shares of company stock valued at $101,560,355. 11.00% of the stock is owned by company insiders.
Hasbro Company Profile
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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