Teacher Retirement System of Texas increased its position in Hasbro Inc. (NASDAQ:HAS) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,009 shares of the company’s stock after buying an additional 303 shares during the period. Teacher Retirement System of Texas’ holdings in Hasbro were worth $673,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Hasbro by 6.7% in the first quarter. Geode Capital Management LLC now owns 985,897 shares of the company’s stock valued at $78,821,000 after buying an additional 62,000 shares during the period. Cleararc Capital Inc. acquired a new stake in shares of Hasbro during the first quarter valued at approximately $219,000. HBK Investments L P boosted its stake in shares of Hasbro by 837.0% in the first quarter. HBK Investments L P now owns 44,041 shares of the company’s stock valued at $3,528,000 after buying an additional 39,341 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Hasbro by 401.6% in the second quarter. Penserra Capital Management LLC now owns 5,402 shares of the company’s stock valued at $454,000 after buying an additional 4,325 shares during the period. Finally, UBS Group AG boosted its stake in shares of Hasbro by 1,805.6% in the first quarter. UBS Group AG now owns 103,855 shares of the company’s stock valued at $8,319,000 after buying an additional 109,944 shares during the period. Institutional investors and hedge funds own 76.78% of the company’s stock.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 0.08% during trading on Friday, reaching $79.33. The company had a trading volume of 1,297,069 shares. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 20.79 and a beta of 1.11. The firm has a 50 day moving average price of $80.34 and a 200 day moving average price of $82.55. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 29.71% and a net margin of 10.42%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Analysts predict that Hasbro Inc. will post $4.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, October 28th. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
HAS has been the subject of a number of research reports. Vetr cut Hasbro from a “buy” rating to a “hold” rating and set a $85.90 price objective for the company. in a research report on Monday, September 5th. 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 research report on Monday, September 19th. Jefferies Group lifted their price objective on Hasbro from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, July 13th. Barclays PLC reduced their price objective on Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Finally, Citigroup Inc. boosted their price target on Hasbro from $85.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, June 6th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.90.
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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