Hasbro, Inc. (HAS) Stake Maintained by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. held its position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Hasbro were worth $357,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HAS. State of Alaska Department of Revenue increased its position in Hasbro by 86.7% in the first quarter. State of Alaska Department of Revenue now owns 16,726 shares of the company’s stock worth $1,669,000 after buying an additional 7,766 shares in the last quarter. Oakbrook Investments LLC bought a new position in Hasbro during the first quarter worth $449,000. Bollard Group LLC increased its position in Hasbro by 0.5% in the first quarter. Bollard Group LLC now owns 7,050 shares of the company’s stock worth $704,000 after buying an additional 36 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Hasbro by 2.5% in the first quarter. Nisa Investment Advisors LLC now owns 32,121 shares of the company’s stock worth $3,206,000 after buying an additional 780 shares in the last quarter. Finally, Boston Advisors LLC bought a new position in Hasbro during the first quarter worth $215,000. Hedge funds and other institutional investors own 79.23% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at 98.33 on Wednesday. Hasbro, Inc. has a 52-week low of $76.14 and a 52-week high of $116.20. The firm has a market capitalization of $12.30 billion, a PE ratio of 21.30 and a beta of 0.90. The stock has a 50 day moving average price of $107.78 and a 200-day moving average price of $101.91.
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 consensus estimate of $0.46 by $0.07. The company 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 quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Equities analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is 49.35%.
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A number of research firms have weighed in on HAS. DA Davidson restated a “buy” rating and issued a $121.00 price target (up from $118.00) on shares of Hasbro in a research note on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research note on Friday, July 21st. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $107.00 price target (up from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $106.69.
In other Hasbro news, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction 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 completion of the transaction, the director now directly 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, CEO Brian Goldner sold 205,656 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.69, for a total value of $21,735,782.64. Following the transaction, the chief executive officer now directly owns 354,891 shares of the company’s stock, valued at $37,508,429.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 967,258 shares of company stock valued at $101,532,888. 11.00% of the stock is owned by corporate 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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