Dynamic Capital Management Ltd raised its position in Hasbro, Inc. (NASDAQ:HAS) by 225.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,558 shares of the company’s stock after buying an additional 7,312 shares during the period. Hasbro makes up about 5.6% of Dynamic Capital Management Ltd’s holdings, making the stock its 3rd biggest holding. Dynamic Capital Management Ltd’s holdings in Hasbro were worth $1,116,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HAS. Pacer Advisors Inc. boosted its holdings in Hasbro by 10.3% during the second quarter. Pacer Advisors Inc. now owns 18,951 shares of the company’s stock worth $2,003,000 after buying an additional 1,770 shares in the last quarter. Independent Advisor Alliance boosted its holdings in Hasbro by 39.6% in the second quarter. Independent Advisor Alliance now owns 5,691 shares of the company’s stock valued at $407,000 after purchasing an additional 1,613 shares during the period. Veritable L.P. purchased a new position in Hasbro in the second quarter valued at $218,000. Girard Partners LTD. boosted its holdings in Hasbro by 3.7% in the second quarter. Girard Partners LTD. now owns 13,062 shares of the company’s stock valued at $1,380,000 after purchasing an additional 462 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in Hasbro by 1.2% in the second quarter. Bahl & Gaynor Inc. now owns 73,530 shares of the company’s stock valued at $7,771,000 after purchasing an additional 839 shares during the period. 86.44% of the stock is owned by institutional investors.
HAS traded up $0.73 on Friday, hitting $120.37. 3,148 shares of the company’s stock were exchanged, compared to its average volume of 707,211. The firm has a market cap of $15.24 billion, a PE ratio of 31.37, a P/E/G ratio of 2.29 and a beta of 1.06. Hasbro, Inc. has a twelve month low of $76.84 and a twelve month high of $126.87. The stock has a fifty day moving average of $114.14 and a two-hundred day moving average of $101.27. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99.
Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.27. The business had revenue of $984.54 million for the quarter, compared to analyst estimates of $958.91 million. Hasbro had a net margin of 6.69% and a return on equity of 30.92%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts predict that Hasbro, Inc. will post 4.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.
A number of equities analysts recently issued reports on HAS shares. BMO Capital Markets raised their price target on Hasbro from $93.00 to $105.00 and gave the stock a “market perform” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Argus raised Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Friday, July 26th. Barclays lifted their price objective on Hasbro from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. DA Davidson reaffirmed a “buy” rating on shares of Hasbro in a report on Friday, August 23rd. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $127.00 price objective (up previously from $109.00) on shares of Hasbro in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Hasbro presently has an average rating of “Buy” and an average price target of $122.77.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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