Citizens Financial Group Inc RI Has $167,000 Position in Hasbro, Inc. (HAS)
Citizens Financial Group Inc RI continued to hold its stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the company’s stock at the end of the 2nd quarter. Citizens Financial Group Inc RI’s holdings in Hasbro were worth $167,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HAS. Schwab Charles Investment Management Inc. raised its position in shares of Hasbro by 6.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 652,418 shares of the company’s stock worth $65,125,000 after acquiring an additional 37,803 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Hasbro by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock worth $21,752,000 after acquiring an additional 2,500 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Hasbro by 55.9% in the 1st quarter. Toronto Dominion Bank now owns 30,192 shares of the company’s stock worth $3,013,000 after acquiring an additional 10,821 shares in the last quarter. James Investment Research Inc. bought a new position in shares of Hasbro in the 2nd quarter worth $1,441,000. Finally, American International Group Inc. raised its position in shares of Hasbro by 2.9% in the 1st quarter. American International Group Inc. now owns 200,480 shares of the company’s stock worth $20,012,000 after acquiring an additional 5,613 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on HAS. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Stifel Nicolaus reissued a “hold” rating and issued a $107.00 price target (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. DA Davidson reissued a “buy” rating and issued a $121.00 price target (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research report on Friday, July 21st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $107.48.
In other Hasbro news, EVP Wiebe Tinga sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $104.01, for a total value of $2,600,250.00. Following the sale, the executive vice president now directly owns 85,630 shares in the company, valued at $8,906,376.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total value of $2,432,634.98. Following the completion of the sale, the president now owns 105,615 shares in the company, valued at $10,013,358.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,423,264 shares of company stock worth $145,144,664. 11.00% of the stock is owned by insiders.
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Hasbro, Inc. (NASDAQ HAS) opened at 95.45 on Thursday. The stock has a market capitalization of $11.94 billion, a P/E ratio of 20.67 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 price is $98.81 and its 200 day moving average price is $102.18.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million for the quarter, compared to analysts’ expectations of $974.19 million. During the same period last year, the firm earned $0.41 earnings per share. Hasbro’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.
The firm also recently declared 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. This represents a $2.28 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is presently 49.35%.
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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