Rafferty Asset Management LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,450 shares of the company’s stock, valued at approximately $968,000.
Other hedge funds have also modified their holdings of the company. Appleton Partners Inc. MA boosted its stake in Hasbro by 3.0% in the second quarter. Appleton Partners Inc. MA now owns 76,505 shares of the company’s stock valued at $6,426,000 after buying an additional 2,195 shares during the period. Kleinwort Benson Investors Dublin Ltd purchased a new stake in Hasbro during the second quarter valued at approximately $33,896,000. Quantbot Technologies LP boosted its stake in Hasbro by 9.8% in the second quarter. Quantbot Technologies LP now owns 23,993 shares of the company’s stock valued at $2,015,000 after buying an additional 2,135 shares during the period. Investors Capital Advisory Services boosted its stake in Hasbro by 1.4% in the second quarter. Investors Capital Advisory Services now owns 6,056 shares of the company’s stock valued at $508,000 after buying an additional 85 shares during the period. Finally, IFC Holdings Incorporated FL boosted its stake in Hasbro by 0.4% in the second quarter. IFC Holdings Incorporated FL now owns 2,783 shares of the company’s stock valued at $231,000 after buying an additional 12 shares during the period. Hedge funds and other institutional investors own 79.72% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) traded down 0.34% during midday trading on Tuesday, hitting $97.80. 1,978,689 shares of the company’s stock traded hands. The company has a 50 day moving average of $84.98 and a 200-day moving average of $82.62. The company has a market capitalization of $12.22 billion, a PE ratio of 22.53 and a beta of 0.77. Hasbro, Inc. has a 52 week low of $70.49 and a 52 week high of $98.76.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, February 6th. The company reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.37. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.50 billion. Hasbro had a return on equity of 33.18% and a net margin of 10.98%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 EPS. Equities research analysts predict that Hasbro, Inc. will post $4.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a dividend of $0.57 per share. This is a positive change from Hasbro’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $2.28 annualized dividend and a dividend yield of 2.33%. Hasbro’s payout ratio is 47.00%.
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Several analysts have recently commented on HAS shares. Jefferies Group LLC restated a “hold” rating and issued a $82.00 target price on shares of Hasbro in a research note on Wednesday, October 19th. Barclays PLC reiterated an “equal weight” rating on shares of Hasbro in a report on Friday, October 21st. Piper Jaffray Companies downgraded shares of Hasbro from an “overweight” rating to a “neutral” rating and set a $88.00 price target for the company. in a report on Monday, November 28th. They noted that the move was a valuation call. Monness Crespi & Hardt downgraded shares of Hasbro from a “buy” rating to a “neutral” rating and increased their price target for the company from $84.00 to $86.76 in a report on Thursday, January 26th. Finally, Stifel Nicolaus increased their price target on shares of Hasbro from $81.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 7th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $87.31.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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