Sigma Investment Counselors Inc. Has $335,000 Position in Hasbro, Inc. (NASDAQ:HAS)
Sigma Investment Counselors Inc. continued to hold its stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The institutional investor owned 3,000 shares of the company’s stock at the end of the second quarter. Sigma Investment Counselors Inc.’s holdings in Hasbro were worth $335,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised 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 during the last quarter. Lansdowne Partners UK LLP increased its stake in shares of Hasbro by 71.2% in the first quarter. Lansdowne Partners UK LLP now owns 2,397,998 shares of the company’s stock valued at $239,369,000 after buying an additional 997,698 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 during the period. FMR LLC increased its stake in shares of Hasbro by 88.1% in the first quarter. FMR LLC now owns 1,236,058 shares of the company’s stock valued at $123,383,000 after buying an additional 578,781 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Hasbro during the first quarter valued at $56,076,000. Institutional investors own 78.23% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) opened at 100.00 on Thursday. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 21.66 and a beta of 0.90. The company has a 50-day moving average price of $109.31 and a 200-day moving average price of $101.38.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s payout ratio is 49.35%.
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A number of research analysts have recently commented on the company. Jefferies Group LLC assumed coverage on Hasbro in a report on Thursday, June 8th. They issued a “buy” rating and a $125.00 price objective on the stock. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, June 1st. DA Davidson restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research note on Tuesday, May 23rd. Argus initiated coverage on Hasbro in a research note on Friday, June 16th. They set a “buy” rating and a $128.00 price target on the stock. Finally, BidaskClub cut Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Nine research 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 stock. The stock presently has an average rating of “Buy” and a consensus price target of $106.69.
In related news, Director Alan G. Hassenfeld sold 280,906 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $106.51, for a total transaction of $2,471,138.51. Following the completion of the sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at approximately $3,036,706.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 814,917 shares of company stock valued at $86,222,617. Company insiders own 11.00% of the company’s stock.
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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