ING Groep NV boosted its position in Hasbro Inc. (NASDAQ:HAS) by 36.8% during the second quarter, Holdings Channel reports. The firm owned 4,906 shares of the company’s stock after buying an additional 1,321 shares during the period. ING Groep NV’s holdings in Hasbro were worth $412,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. Prudential Financial Inc. raised its stake in Hasbro by 0.9% in the first quarter. Prudential Financial Inc. now owns 139,616 shares of the company’s stock worth $11,183,000 after buying an additional 1,200 shares in the last quarter. BlackRock Group LTD raised its stake in Hasbro by 4.6% in the first quarter. BlackRock Group LTD now owns 861,998 shares of the company’s stock worth $69,046,000 after buying an additional 38,116 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Hasbro by 9.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,223,540 shares of the company’s stock worth $258,206,000 after buying an additional 275,954 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in Hasbro by 5.3% in the first quarter. BlackRock Japan Co. Ltd now owns 149,069 shares of the company’s stock worth $11,940,000 after buying an additional 7,544 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Hasbro by 252.4% in the first quarter. JPMorgan Chase & Co. now owns 170,910 shares of the company’s stock worth $13,689,000 after buying an additional 122,407 shares in the last quarter. Institutional investors own 76.79% of the company’s stock.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 1.37% during midday trading on Tuesday, hitting $78.69. 1,114,158 shares of the stock traded hands. Hasbro Inc. has a one year low of $64.91 and a one year high of $88.53. The firm has a 50-day moving average price of $80.15 and a 200 day moving average price of $82.70. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 20.62 and a beta of 1.00.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, July 18th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Analysts anticipate that Hasbro Inc. will post $4.04 earnings per share for the current year.
The firm also recently announced 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. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.59%. Hasbro’s payout ratio is 53.40%.
A number of research firms have recently weighed in on HAS. Jefferies Group upped their price objective on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, July 13th. Vetr lowered Hasbro from a “buy” rating to a “hold” rating and set a $88.94 price objective on the stock. in a research report on Monday, June 20th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. MKM Partners reissued a “hold” rating and issued a $84.00 target price on shares of Hasbro in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. raised 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. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hasbro has an average rating of “Hold” and a consensus target price 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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