Bank of Montreal Can Buys New Stake in Hasbro Inc. (HAS)
Bank of Montreal Can purchased a new stake in shares of Hasbro Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The firm purchased 77,010 shares of the company’s stock, valued at approximately $6,467,000.
Other hedge funds also recently made changes to their positions in the company. Albert D Mason Inc. raised its position in Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares in the last quarter. Bollard Group LLC increased its stake in Hasbro by 0.6% in the second quarter. Bollard Group LLC now owns 6,930 shares of the company’s stock worth $582,000 after buying an additional 41 shares during the last quarter. Creative Planning increased its stake in Hasbro by 1.6% in the second quarter. Creative Planning now owns 3,962 shares of the company’s stock worth $333,000 after buying an additional 63 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in Hasbro by 0.8% in the second quarter. OLD Second National Bank of Aurora now owns 22,226 shares of the company’s stock worth $1,867,000 after buying an additional 181 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in Hasbro by 7.6% in the second quarter. BLB&B Advisors LLC now owns 3,124 shares of the company’s stock worth $262,000 after buying an additional 220 shares during the last quarter. 76.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hasbro Inc. (NASDAQ:HAS) traded down 1.47% during midday trading on Friday, hitting $79.30. The company’s stock had a trading volume of 1,587,158 shares. The company has a market cap of $9.94 billion, a P/E ratio of 20.78 and a beta of 1.00. The company has a 50-day moving average price of $80.18 and a 200 day moving average price of $82.62. Hasbro Inc. has a 1-year low of $64.91 and a 1-year high of $88.53.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 18th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Hasbro had a return on equity of 29.71% and a net margin of 10.42%. The company had revenue of $878.90 million for the quarter, compared to the consensus estimate of $858.97 million. During the same quarter last year, the business posted $0.33 EPS. Hasbro’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Hasbro Inc. will post $4.04 EPS for the current year.
The business 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 annualized dividend and a yield of 2.57%. The ex-dividend date is Friday, October 28th. Hasbro’s payout ratio is presently 53.40%.
A number of equities research analysts have recently weighed in on HAS shares. Vetr upgraded Hasbro from a “hold” rating to a “buy” rating and set a $88.94 target price for the company in a research report on Monday, June 27th. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, September 19th. Barclays PLC dropped their target price 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. Jefferies Group boosted their target price on Hasbro from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, July 13th. Finally, MKM Partners restated a “hold” rating and set a $84.00 target price on shares of Hasbro in a research report on Tuesday, July 12th. Seven 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 a consensus price target of $86.90.
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.
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro Inc. (NASDAQ:HAS).
Receive News & Ratings for Hasbro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro Inc. and related companies with MarketBeat.com's FREE daily email newsletter.