Hasbro, Inc. (HAS) Shares Bought by Origin Asset Management LLP
Origin Asset Management LLP raised its position in Hasbro, Inc. (NASDAQ:HAS) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 302,422 shares of the company’s stock after buying an additional 31,000 shares during the period. Hasbro comprises about 2.1% of Origin Asset Management LLP’s portfolio, making the stock its 13th largest holding. Origin Asset Management LLP owned approximately 0.24% of Hasbro worth $33,723,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of HAS. Acrospire Investment Management LLC boosted its holdings in Hasbro by 11.1% in the 1st quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in Hasbro by 337.1% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Hasbro in the 1st quarter worth about $119,000. Meeder Asset Management Inc. acquired a new stake in Hasbro in the 1st quarter worth about $131,000. Finally, Oakworth Capital Inc. boosted its holdings in Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.
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Hasbro, Inc. (HAS) traded up 0.57% on Wednesday, reaching $95.46. The company had a trading volume of 143,486 shares. The stock has a market capitalization of $11.94 billion, a PE ratio of 20.68 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 stock has a 50 day moving average price of $99.10 and a 200 day moving average price of $102.20.
Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 6.96% and a return on equity of 14.75%. The firm had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same quarter last year, the business earned $0.41 earnings per share. Hasbro’s revenue was up 10.6% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post $5.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.40%. Hasbro’s dividend payout ratio (DPR) is currently 49.35%.
HAS has been the topic of several research analyst reports. BidaskClub cut Hasbro from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. DA Davidson restated a “buy” rating and set a $118.00 target price on shares of Hasbro in a report on Tuesday, May 23rd. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Monday, May 22nd. Jefferies Group LLC began coverage on Hasbro in a report on Thursday, June 8th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Argus began coverage on Hasbro in a report on Friday, June 16th. They set a “buy” rating and a $128.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.48.
In related news, 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 sale, the executive vice president now owns 28,511 shares in the company, valued at $3,036,706.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen J. Davis sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total transaction of $146,355.00. Following the sale, the executive vice president now owns 39,125 shares in the company, valued at approximately $3,817,426.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,423,264 shares of company stock worth $145,144,664. 11.00% of the stock is owned by company insiders.
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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