LMR Partners LLP Cuts Position in Hasbro Inc. (HAS)
LMR Partners LLP decreased its position in Hasbro Inc. (NASDAQ:HAS) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 9,414 shares of the company’s stock after selling 2,601 shares during the period. LMR Partners LLP’s holdings in Hasbro were worth $791,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of HAS. BlackRock Institutional Trust Company N.A. raised its position in shares of Hasbro by 9.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,223,540 shares of the company’s stock worth $258,206,000 after buying an additional 275,954 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hasbro by 6.7% in the first quarter. Geode Capital Management LLC now owns 985,897 shares of the company’s stock worth $78,821,000 after buying an additional 62,000 shares in the last quarter. BlackRock Group LTD raised its position in shares of Hasbro by 4.6% in the first quarter. BlackRock Group LTD now owns 861,998 shares of the company’s stock worth $69,046,000 after buying an additional 38,116 shares in the last quarter. AXA raised its position in shares of Hasbro by 5.6% in the first quarter. AXA now owns 698,200 shares of the company’s stock worth $55,926,000 after buying an additional 37,100 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Hasbro by 15.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 461,214 shares of the company’s stock worth $38,739,000 after buying an additional 61,077 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% on Monday, reaching $79.78. 1,051,896 shares of the company traded hands. The stock has a 50 day moving average of $80.18 and a 200-day moving average of $82.62. Hasbro Inc. has a 1-year low of $64.91 and a 1-year high of $88.53. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 20.91 and a beta of 1.00.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 18th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $858.97 million. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Hasbro Inc. will post $4.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.04 annualized dividend and a yield of 2.57%. Hasbro’s dividend payout ratio (DPR) is presently 53.40%.
HAS has been the subject of a number of research reports. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Barclays PLC decreased their price target on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 19th. Vetr raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $89.80 price target on the stock in a research note on Monday, June 13th. MKM Partners reaffirmed a “hold” rating and set a $84.00 price target on shares of Hasbro in a research note on Tuesday, July 12th. Finally, Jefferies Group upped their price target 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $86.90.
Hasbro Company Profile
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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