First Midwest Bank Trust Division bought a new position in Hasbro Inc. (NASDAQ:HAS) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,715 shares of the company’s stock, valued at approximately $228,000.
A number of other institutional investors also recently made changes to their positions in the company. Scotia Capital Inc. acquired a new stake in shares of Hasbro during the first quarter valued at approximately $204,000. Cleararc Capital Inc. acquired a new stake in shares of Hasbro during the first quarter valued at approximately $219,000. Conning Inc. boosted its stake in shares of 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. boosted its stake in shares of 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 boosted its stake in shares of 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 hedge funds and other institutional investors.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 1.47% on Friday, hitting $79.30. 1,587,158 shares of the company’s stock were exchanged. The firm has a market cap of $9.94 billion, a P/E ratio of 20.78 and a beta of 1.00. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53. The stock’s 50 day moving average is $80.18 and its 200 day moving average is $82.62.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm 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 business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. On average, equities analysts predict that Hasbro Inc. will post $4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
Several brokerages have commented on HAS. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, September 19th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $85.90 target price on the stock in a report on Monday, September 12th. Barclays PLC dropped their target price on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Piper Jaffray Cos. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Jefferies Group upped their target price on shares of Hasbro from $80.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, July 13th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $86.90.
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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