Retirement Systems of Alabama cut its position in shares of Hasbro Inc. (NASDAQ:HAS) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,217 shares of the company’s stock after selling 265 shares during the period. Retirement Systems of Alabama’s holdings in Hasbro were worth $4,806,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of HAS. Scotia Capital Inc. acquired a new stake in Hasbro during the first quarter worth $204,000. Cleararc Capital Inc. acquired a new stake in Hasbro during the first quarter worth $219,000. Conning Inc. increased its stake in Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock worth $224,000 after buying an additional 10 shares during the period. Albert D Mason Inc. increased its stake in Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares during the period. Finally, BLB&B Advisors LLC increased its stake in Hasbro by 7.6% in the second quarter. BLB&B Advisors LLC now owns 3,124 shares of the company’s stock worth $262,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 76.79% of the company’s stock.
Hasbro Inc. (NASDAQ:HAS) traded down 0.60% during trading on Friday, reaching $76.16. The company had a trading volume of 2,977,594 shares. The stock has a market cap of $9.55 billion, a PE ratio of 19.96 and a beta of 1.00. Hasbro Inc. has a 52-week low of $64.91 and a 52-week high of $88.53. The company has a 50-day moving average price of $79.70 and a 200 day moving average price of $82.58.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The company earned $878.90 million during the quarter, compared to analyst estimates of $858.97 million. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, 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. Stockholders of record on Tuesday, November 1st will be issued a $0.51 dividend. The ex-dividend date is Friday, October 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.68%. Hasbro’s payout ratio is currently 53.40%.
HAS has been the subject of several research reports. Vetr cut Hasbro from a “buy” rating to a “hold” rating and set a $88.94 price objective for the company. in a report on Monday, June 20th. Piper Jaffray Cos. raised Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 price objective for the company in a report on Tuesday, July 19th. They noted that the move was a valuation call. Jefferies Group lifted their price objective on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. MKM Partners reaffirmed a “hold” rating and set a $84.00 price objective on shares of Hasbro in a report on Tuesday, July 12th. Finally, Zacks Investment Research raised 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. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock 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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