Hasbro, Inc. (HAS) Shares Sold by Bayesian Capital Management LP
Bayesian Capital Management LP lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 51.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,700 shares of the company’s stock after selling 5,000 shares during the quarter. Bayesian Capital Management LP’s holdings in Hasbro were worth $524,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Hasbro during the 1st quarter worth $131,000. Oakworth Capital Inc. grew its stake in Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Hasbro by 7.0% during the 1st quarter. Van ECK Associates Corp now owns 1,656 shares of the company’s stock worth $165,000 after acquiring an additional 108 shares in the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Hasbro during the 2nd quarter worth about $167,000. Finally, Invictus RG acquired a new position in shares of Hasbro during the 1st quarter worth about $182,000. Hedge funds and other institutional investors own 77.79% of the company’s stock.
Several research analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $121.00 price objective (up from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Hasbro in a research report on Friday, July 21st. BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $107.00 price objective (up from $100.00) on shares of Hasbro in a research report on Thursday, July 13th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $107.27.
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Shares of Hasbro, Inc. (NASDAQ:HAS) traded up 0.68% during trading on Friday, hitting $97.67. The stock had a trading volume of 934,144 shares. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The firm’s 50-day moving average is $97.19 and its 200-day moving average is $102.08. The firm has a market cap of $12.22 billion, a P/E ratio of 21.15 and a beta of 0.92.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. Hasbro’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued 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 dividend yield of 2.33%. Hasbro’s dividend payout ratio (DPR) is presently 49.35%.
In related news, Director Alan G. Hassenfeld sold 280,906 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following the sale, the director now owns 29,140 shares of the company’s stock, valued at $3,079,515.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Wiebe Tinga sold 25,000 shares of the business’s stock in a transaction that occurred 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 approximately $8,906,376.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,423,264 shares of company stock worth $145,144,664. Corporate insiders own 11.00% of the company’s stock.
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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