NN Investment Partners Holdings N.V. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 637.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,817 shares of the company’s stock after buying an additional 20,586 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Hasbro were worth $2,656,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of HAS. Acrospire Investment Management LLC raised its position in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. increased its stake in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in Hasbro during the first quarter valued at $119,000. Finally, Meeder Asset Management Inc. bought a new stake in Hasbro during the first quarter valued at $131,000. Institutional investors and hedge funds own 78.61% of the company’s stock.
Shares of Hasbro, Inc. (HAS) opened at 113.40 on Wednesday. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $113.68. The stock has a market capitalization of $14.18 billion, a P/E ratio of 25.21 and a beta of 0.92. The company has a 50-day moving average price of $110.14 and a 200 day moving average price of $99.04.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The firm had revenue of $849.70 million during the quarter, compared to analysts’ expectations of $818.27 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post $4.94 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 annualized dividend and a dividend yield of 2.01%. Hasbro’s dividend payout ratio is currently 50.67%.
A number of brokerages recently issued reports on HAS. Wells Fargo & Company reissued a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. BMO Capital Markets reissued a “hold” rating and set a $86.00 price target on shares of Hasbro in a report on Thursday, April 13th. DA Davidson reissued a “buy” rating and set a $118.00 price target on shares of Hasbro in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $125.00 price objective on shares of Hasbro in a research report on Monday, June 19th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.40.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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