Cambridge Investment Research Advisors Inc. cut its position in Hasbro, Inc. (NASDAQ:HAS) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,858 shares of the company’s stock after selling 1,036 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Hasbro were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Balyasny Asset Management LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at $32,243,000. Worldquant Millennium Advisors LLC lifted its stake in shares of Hasbro by 16.7% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 44,881 shares of the company’s stock valued at $4,743,000 after purchasing an additional 6,421 shares during the last quarter. Duality Advisers LP lifted its stake in shares of Hasbro by 125.0% in the 1st quarter. Duality Advisers LP now owns 69,980 shares of the company’s stock valued at $5,950,000 after purchasing an additional 38,880 shares during the last quarter. Cleararc Capital Inc. acquired a new position in shares of Hasbro in the 1st quarter valued at $238,000. Finally, BlackRock Inc. lifted its stake in shares of Hasbro by 13.1% in the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after purchasing an additional 1,106,949 shares during the last quarter. 86.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HAS traded up $1.84 during mid-day trading on Friday, reaching $121.29. The company’s stock had a trading volume of 518,155 shares, compared to its average volume of 715,226. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $126.87. The stock has a market cap of $14.91 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.64 and a quick ratio of 2.11. The company’s 50 day moving average is $115.08 and its 200 day moving average is $105.90.
Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27. The firm had revenue of $984.54 million during the quarter, compared to analysts’ expectations of $958.91 million. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.68 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.24%. Hasbro’s dividend payout ratio (DPR) is presently 70.65%.
Several equities analysts have recently commented on HAS shares. KeyCorp upped their price target on Hasbro from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. ValuEngine lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co boosted their price objective on Hasbro from $95.00 to $111.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Monness Crespi & Hardt reiterated 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. Finally, DA Davidson reiterated a “buy” rating on shares of Hasbro in a report on Friday, August 23rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Hasbro currently has an average rating of “Buy” and a consensus target price of $123.21.
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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