Epoch Investment Partners Inc. decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.3% during the 2nd quarter, Holdings Channel reports. The firm owned 1,152,598 shares of the company’s stock after selling 146,340 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Hasbro were worth $108,944,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Advisor Partners LLC boosted its position in shares of Hasbro by 2.1% during the 2nd quarter. Advisor Partners LLC now owns 5,647 shares of the company’s stock valued at $534,000 after purchasing an additional 115 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Hasbro by 1.9% in the second quarter. Daiwa Securities Group Inc. now owns 6,712 shares of the company’s stock worth $634,000 after acquiring an additional 127 shares in the last quarter. IndexIQ Advisors LLC boosted its holdings in Hasbro by 6.6% in the second quarter. IndexIQ Advisors LLC now owns 2,182 shares of the company’s stock worth $206,000 after acquiring an additional 136 shares in the last quarter. CSat Investment Advisory L.P. boosted its holdings in Hasbro by 23.6% in the first quarter. CSat Investment Advisory L.P. now owns 717 shares of the company’s stock worth $69,000 after acquiring an additional 137 shares in the last quarter. Finally, Capstone Triton Financial Group LLC boosted its holdings in Hasbro by 3.2% in the first quarter. Capstone Triton Financial Group LLC now owns 4,627 shares of the company’s stock worth $445,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 77.86% of the company’s stock.
Several research analysts have issued reports on HAS shares. BMO Capital Markets increased their price target on Hasbro from $90.00 to $93.00 and gave the stock a “market perform” rating in a report on Tuesday, July 27th. They noted that the move was a valuation call. Stifel Nicolaus cut their price target on Hasbro from $116.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, October 4th. DA Davidson reaffirmed a “buy” rating and set a $101.45 price target (down from $120.00) on shares of Hasbro in a research report on Tuesday, July 27th. KeyCorp increased their price target on Hasbro from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 27th. Finally, Truist increased their price target on Hasbro from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, July 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $106.33.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Sunday, July 25th. The company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.58. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.19 billion. Hasbro had a return on equity of 24.77% and a net margin of 7.06%. During the same period last year, the company earned $0.02 earnings per share. On average, research analysts forecast that Hasbro, Inc. will post 4.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Monday, November 1st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, October 29th. Hasbro’s dividend payout ratio is 72.73%.
In other Hasbro news, COO Eric Nyman sold 11,435 shares of the firm’s stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,144,414.80. Following the sale, the chief operating officer now owns 31,118 shares in the company, valued at $3,114,289.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Goldner sold 210,378 shares of the firm’s stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $101.05, for a total value of $21,258,696.90. Following the sale, the chief executive officer now owns 352,459 shares in the company, valued at approximately $35,615,981.95. The disclosure for this sale can be found here. 8.40% of the stock is currently owned by company insiders.
Hasbro Company Profile
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm operates under the following brands: Littlest Pet Shop and Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: United States and Canada, International, and Entertainment, Licensing and Digital and eOne.
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