Nationwide Fund Advisors boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 128.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,000 shares of the company’s stock after acquiring an additional 122,023 shares during the quarter. Nationwide Fund Advisors owned 0.17% of Hasbro worth $24,198,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of HAS. TrimTabs Asset Management LLC purchased a new position in Hasbro in the first quarter valued at about $119,000. Meeder Asset Management Inc. purchased a new position in Hasbro in the first quarter valued at about $131,000. Oakworth Capital Inc. raised its position in Hasbro by 7.2% in the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock valued at $135,000 after purchasing an additional 81 shares during the period. Acadian Asset Management LLC raised its position in Hasbro by 5,800.0% in the first quarter. Acadian Asset Management LLC now owns 1,416 shares of the company’s stock valued at $141,000 after purchasing an additional 1,392 shares during the period. Finally, Van ECK Associates Corp raised its position in Hasbro by 7.0% in the first quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock valued at $165,000 after purchasing an additional 108 shares during the period. Hedge funds and other institutional investors own 79.69% of the company’s stock.
In other Hasbro news, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the sale, the chief executive officer now directly owns 354,891 shares of the company’s stock, valued at $37,508,429.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total transaction of $27,467.52. Following the sale, the director now directly owns 29,140 shares in the company, valued at $2,900,012.80. The disclosure for this sale can be found here. Insiders have sold 1,423,264 shares of company stock worth $145,144,664 over the last ninety days. Insiders own 11.00% of the company’s stock.
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Several research analysts have commented on HAS shares. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Monday, August 28th. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. DA Davidson reaffirmed a “buy” rating and set a $121.00 target price (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Finally, Argus started coverage on Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $107.27.
Hasbro, Inc. (NASDAQ HAS) opened at 94.84 on Friday. The stock’s 50 day moving average price is $97.86 and its 200 day moving average price is $102.06. The firm has a market capitalization of $11.86 billion, a P/E ratio of 20.54 and a beta of 0.92. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $116.20.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Hasbro, Inc. will post $5.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders 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 annualized dividend and a yield of 2.40%. Hasbro’s dividend payout ratio is 49.35%.
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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