BLB&B Advisors LLC Holds Stake in Hasbro, Inc. (HAS)
BLB&B Advisors LLC held its position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,804 shares of the company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Hasbro were worth $280,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Hasbro by 5.4% in the first quarter. Vanguard Group Inc. now owns 12,186,806 shares of the company’s stock valued at $1,216,486,000 after buying an additional 622,946 shares in the last quarter. BlackRock Inc. boosted its position in Hasbro by 1,141.5% in the first quarter. BlackRock Inc. now owns 9,179,728 shares of the company’s stock valued at $916,321,000 after buying an additional 8,440,294 shares in the last quarter. Bank of America Corp DE boosted its position in Hasbro by 2.4% in the first quarter. Bank of America Corp DE now owns 5,474,161 shares of the company’s stock valued at $546,431,000 after buying an additional 127,849 shares in the last quarter. State Street Corp boosted its position in Hasbro by 1.0% in the first quarter. State Street Corp now owns 5,013,445 shares of the company’s stock valued at $500,457,000 after buying an additional 49,888 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Hasbro by 7.1% in the first quarter. Wells Fargo & Company MN now owns 2,741,570 shares of the company’s stock valued at $273,664,000 after buying an additional 182,384 shares in the last quarter. Institutional investors and hedge funds own 78.61% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) traded up 0.91% during trading on Friday, reaching $115.95. The company had a trading volume of 1,321,097 shares. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 25.77 and a beta of 0.92. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The company’s 50-day moving average is $110.70 and its 200 day moving average is $99.26.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $849.70 million during the quarter, compared to analyst estimates of $818.27 million. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post $4.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 annualized dividend and a dividend yield of 1.97%. Hasbro’s dividend payout ratio is currently 50.67%.
HAS has been the subject of several research analyst reports. Wells Fargo & Company restated a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, May 31st. BMO Capital Markets restated a “hold” rating and set a $86.00 price target on shares of Hasbro in a report on Thursday, April 13th. DA Davidson restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a report on Tuesday, May 23rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $125.00 price target on shares of Hasbro in a report on Monday, June 19th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $106.40.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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.