Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Endurance Wealth Management Inc.
Endurance Wealth Management Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,483 shares of the company’s stock after buying an additional 105 shares during the period. Endurance Wealth Management Inc.’s holdings in Hasbro were worth $6,187,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in HAS. Bank of Montreal Can raised its stake in shares of Hasbro by 14.0% in the first quarter. Bank of Montreal Can now owns 113,694 shares of the company’s stock worth $11,348,000 after buying an additional 13,948 shares during the last quarter. National Pension Service purchased a new stake in shares of Hasbro during the first quarter worth about $11,453,000. Koshinski Asset Management Inc. raised its stake in shares of Hasbro by 5.6% in the first quarter. Koshinski Asset Management Inc. now owns 3,775 shares of the company’s stock worth $377,000 after buying an additional 200 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Hasbro by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 33,959 shares of the company’s stock worth $3,389,000 after buying an additional 200 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Hasbro by 4.7% in the first quarter. GW&K Investment Management LLC now owns 298,794 shares of the company’s stock worth $29,826,000 after buying an additional 13,295 shares during the last quarter. 78.23% of the stock is currently owned by institutional investors.
Hasbro, Inc. (HAS) opened at 103.49 on Monday. The company’s 50 day moving average is $110.57 and its 200-day moving average is $100.83. The firm has a market cap of $12.96 billion, a P/E ratio of 22.41 and a beta of 0.90. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The business had revenue of $972.51 million for the quarter, compared to the consensus estimate of $974.19 million. During the same quarter last year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts expect that Hasbro, Inc. will post $5.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently 49.35%.
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A number of brokerages have issued reports on HAS. DA Davidson reissued a “buy” rating and issued a $121.00 target price (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $107.00 price target (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Hasbro presently has an average rating of “Buy” and an average target price of $106.69.
In related news, Director Alan G. Hassenfeld sold 216,851 shares of Hasbro stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $106.07, for a total transaction of $23,001,385.57. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $3,090,879.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wiebe Tinga sold 25,000 shares of Hasbro stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $104.01, for a total transaction of $2,600,250.00. Following the sale, the executive vice president now directly owns 85,630 shares in the company, valued at approximately $8,906,376.30. The disclosure for this sale can be found here. In the last three months, insiders sold 814,917 shares of company stock worth $86,222,617. Insiders own 11.00% of the company’s stock.
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.
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