Candriam Luxembourg S.C.A. Invests $839,000 in Hasbro, Inc. (HAS)
Candriam Luxembourg S.C.A. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The fund acquired 7,527 shares of the company’s stock, valued at approximately $839,000.
A number of other institutional investors have also bought and sold shares of the stock. Creative Planning boosted its position in Hasbro by 11.5% in the first quarter. Creative Planning now owns 6,344 shares of the company’s stock worth $633,000 after buying an additional 652 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Hasbro by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 33,959 shares of the company’s stock worth $3,389,000 after buying an additional 200 shares during the last quarter. National Pension Service acquired a new position in Hasbro during the first quarter worth about $11,453,000. Bank of Montreal Can boosted its position in Hasbro by 14.0% in the first quarter. Bank of Montreal Can now owns 113,694 shares of the company’s stock worth $11,348,000 after buying an additional 13,948 shares during the last quarter. Finally, Atria Investments LLC boosted its position in Hasbro by 19.8% in the first quarter. Atria Investments LLC now owns 5,707 shares of the company’s stock worth $570,000 after buying an additional 942 shares during the last quarter. Institutional investors own 79.23% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) opened at 98.24 on Tuesday. 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 $108.16 and its 200-day moving average price is $101.80. The stock has a market capitalization of $12.29 billion, a PE ratio of 21.28 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, July 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $972.51 million during the quarter, compared to analyst estimates of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. Hasbro’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. Equities research analysts predict that Hasbro, Inc. will post $5.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 2.32%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
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A number of equities analysts recently issued reports on HAS shares. Wells Fargo & Company restated a “market perform” rating on shares of Hasbro in a report on Sunday, April 23rd. Stifel Nicolaus restated a “hold” rating and set a $100.00 price objective (up previously from $95.00) on shares of Hasbro in a report on Tuesday, April 25th. Barclays PLC dropped their price objective on Hasbro from $109.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, April 26th. BMO Capital Markets boosted their price objective on Hasbro from $86.00 to $95.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th. Finally, MKM Partners restated a “neutral” rating and set a $102.00 price objective (up previously from $100.00) on shares of Hasbro in a report on Wednesday, April 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $106.69.
In other Hasbro news, Director Alan G. Hassenfeld sold 152,341 shares of Hasbro stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $100.50, for a total transaction of $15,310,270.50. Following the completion of the sale, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,928,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Jr. Courtney sold 23,201 shares of Hasbro stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $106.51, for a total value of $2,471,138.51. Following the sale, the executive vice president now directly owns 28,511 shares of the company’s stock, valued at $3,036,706.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 967,258 shares of company stock valued at $101,532,888. 11.00% of the stock is currently 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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