Cardinal Capital Management Raises Holdings in Hasbro, Inc. (NASDAQ:HAS)

Cardinal Capital Management lifted its stake in Hasbro, Inc. (NASDAQ:HASFree Report) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,746 shares of the company’s stock after purchasing an additional 3,625 shares during the quarter. Cardinal Capital Management’s holdings in Hasbro were worth $3,870,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC grew its holdings in shares of Hasbro by 60.9% in the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Kinneret Advisory LLC grew its stake in shares of Hasbro by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock valued at $545,000 after buying an additional 149 shares during the period. Yousif Capital Management LLC increased its holdings in shares of Hasbro by 0.7% during the 1st quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock worth $1,680,000 after buying an additional 150 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Hasbro by 0.6% during the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after buying an additional 155 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Hasbro by 2.6% in the third quarter. Baird Financial Group Inc. now owns 7,024 shares of the company’s stock valued at $473,000 after acquiring an additional 180 shares during the last quarter. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on HAS. StockNews.com downgraded Hasbro from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Stifel Nicolaus boosted their price objective on shares of Hasbro from $79.00 to $94.00 and gave the company a “buy” rating in a report on Friday, August 25th. Bank of America increased their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. DA Davidson reaffirmed a “buy” rating and set a $80.00 price objective on shares of Hasbro in a research report on Monday, August 7th. Finally, Argus upped their price target on Hasbro from $70.00 to $75.00 in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average price target of $79.64.

View Our Latest Analysis on HAS

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $66.01 on Tuesday. Hasbro, Inc. has a 52 week low of $45.75 and a 52 week high of $77.71. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.91. The company’s 50 day moving average is $66.56 and its two-hundred day moving average is $60.32.

Hasbro (NASDAQ:HASGet Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. Hasbro had a positive return on equity of 16.12% and a negative net margin of 4.61%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. On average, analysts expect that Hasbro, Inc. will post 4.07 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Tuesday, October 31st. Hasbro’s payout ratio is currently -151.35%.

Hasbro Company Profile

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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