Aviance Capital Management LLC increased its stake in shares of Hasbro Inc. (NASDAQ:HAS) by 43.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,614 shares of the company’s stock after buying an additional 4,099 shares during the period. Aviance Capital Management LLC’s holdings in Hasbro were worth $1,143,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Scotia Capital Inc. bought a new position in Hasbro during the first quarter valued at approximately $204,000. Cleararc Capital Inc. bought a new position in Hasbro during the first quarter valued at approximately $219,000. Conning Inc. increased its position in Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock valued at $224,000 after buying an additional 10 shares during the period. Albert D Mason Inc. increased its position in Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock valued at $241,000 after buying an additional 20 shares during the period. Finally, BLB&B Advisors LLC increased its position in Hasbro by 7.6% in the second quarter. BLB&B Advisors LLC now owns 3,124 shares of the company’s stock valued at $262,000 after buying an additional 220 shares during the period. 76.78% of the stock is owned by institutional investors and hedge funds.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 0.99% during trading on Monday, hitting $79.37. 1,033,731 shares of the stock were exchanged. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 20.80 and a beta of 1.11. The stock’s 50 day moving average price is $80.70 and its 200-day moving average price is $82.51.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 18th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business earned $878.90 million during the quarter, compared to analysts’ expectations of $858.97 million. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, analysts predict that Hasbro Inc. will post $4.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.57%. Hasbro’s dividend payout ratio is currently 53.40%.
HAS has been the subject of several research reports. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, September 19th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $85.90 price objective for the company in a report on Monday, September 12th. Citigroup Inc. increased their price target on shares of Hasbro from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, June 6th. Barclays PLC lowered their price target on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, Jefferies Group increased their price target on shares of Hasbro from $80.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, July 13th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.41.
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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