Trexquant Investment LP Has $658,000 Position in Hasbro, Inc. (NASDAQ:HAS)
Trexquant Investment LP decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 62.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,900 shares of the company’s stock after selling 10,000 shares during the period. Trexquant Investment LP’s holdings in Hasbro were worth $658,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Pinnacle Bank purchased a new stake in Hasbro during the first quarter worth approximately $139,000. Cullinan Associates Inc. boosted its stake in Hasbro by 23.0% in the first quarter. Cullinan Associates Inc. now owns 56,600 shares of the company’s stock worth $5,650,000 after buying an additional 10,600 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Hasbro during the first quarter worth approximately $981,000. Fox Run Management L.L.C. boosted its stake in Hasbro by 57.5% in the first quarter. Fox Run Management L.L.C. now owns 6,300 shares of the company’s stock worth $629,000 after buying an additional 2,300 shares during the last quarter. Finally, Baldwin Brothers Inc. MA boosted its stake in Hasbro by 2.3% in the first quarter. Baldwin Brothers Inc. MA now owns 171,848 shares of the company’s stock worth $17,154,000 after buying an additional 3,870 shares during the last quarter. 78.23% of the stock is owned by institutional investors.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 97.55 on Friday. The stock has a 50 day moving average of $108.56 and a 200-day moving average of $101.46. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $116.20. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million for the quarter, compared to analysts’ expectations of $974.19 million. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. Hasbro’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.34%. Hasbro’s dividend payout ratio is currently 49.35%.
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A number of equities research analysts recently commented on the stock. DA Davidson reissued a “buy” rating and set 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 reissued a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. BidaskClub raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research cut shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research report 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $106.69.
In other news, CEO Brian Goldner sold 205,656 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.69, for a total transaction of $21,735,782.64. Following the transaction, the chief executive officer now directly owns 354,891 shares of the company’s stock, valued at approximately $37,508,429.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Barbara Finigan sold 23,483 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the transaction, the executive vice president now directly owns 32,345 shares in the company, valued at $3,438,273.50. The disclosure for this sale can be found here. Insiders sold a total of 967,258 shares of company stock worth $101,532,888 over the last three months. 11.00% of the stock is currently owned by corporate insiders.
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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