Candriam Luxembourg S.C.A. Maintains Position in Hasbro Inc. (HAS)
Candriam Luxembourg S.C.A. maintained its position in shares of Hasbro Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The fund owned 7,685 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Hasbro were worth $645,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Scotia Capital Inc. acquired a new position in shares of Hasbro during the first quarter worth approximately $204,000. Conning Inc. boosted its position in shares of Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock worth $224,000 after buying an additional 10 shares in the last quarter. Cleararc Capital Inc. acquired a new position in shares of Hasbro during the first quarter worth approximately $219,000. Albert D Mason Inc. boosted its position in shares of 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. Finally, BLB&B Advisors LLC boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.
Hasbro Inc. (NASDAQ:HAS) traded up 0.61% during mid-day trading on Monday, reaching $79.78. 1,055,534 shares of the company’s stock were exchanged. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 20.91 and a beta of 1.00. The stock has a 50-day moving average of $80.18 and a 200-day moving average of $82.62. Hasbro Inc. has a 12 month low of $64.91 and a 12 month high of $88.53.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Hasbro had a net margin of 10.42% and a return on equity of 29.71%. The firm had revenue of $878.90 million for the quarter, compared to analyst estimates of $858.97 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Hasbro Inc. will post $4.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a dividend of $0.51 per share. The ex-dividend date is Friday, October 28th. This represents a $2.04 annualized dividend and a dividend yield of 2.56%. Hasbro’s dividend payout ratio is 53.40%.
HAS has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Jefferies Group lifted their target price on shares of Hasbro from $80.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, July 13th. Vetr cut shares of Hasbro from a “buy” rating to a “hold” rating and set a $85.90 target price for the company. in a research note on Monday, September 5th. MKM Partners reiterated a “hold” rating and issued a $84.00 target price on shares of Hasbro in a research note on Tuesday, July 12th. Finally, Barclays PLC cut their target price on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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.
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