Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.6% during the second quarter, Holdings Channel reports. The firm owned 4,566 shares of the company’s stock after selling 779 shares during the period. Rothschild Asset Management Inc.’s holdings in Hasbro were worth $509,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC boosted its position in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the last quarter. Oakworth Capital Inc. boosted its position in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC acquired a new position in shares of Hasbro during the first quarter worth about $119,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Hasbro during the first quarter worth about $131,000. 78.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at 97.55 on Friday. The company’s 50 day moving average is $108.56 and its 200-day moving average is $101.46. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The company had revenue of $972.51 million for the quarter, compared to analyst estimates of $974.19 million. During the same period in the prior year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts expect 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. Stockholders 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 dividend yield of 2.34%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio is currently 49.35%.
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HAS has been the topic of a number of recent research reports. Jefferies Group LLC initiated coverage on shares of Hasbro in a research note on Thursday, June 8th. They issued a “buy” rating and a $125.00 price objective on the stock. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, June 1st. DA Davidson reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Tuesday, May 23rd. Argus initiated coverage on shares of Hasbro in a research note on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective on the stock. Finally, BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Nine research 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 an average price target of $106.69.
In related news, Director Alan G. Hassenfeld sold 280,906 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.68, for a total transaction of $29,686,146.08. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 152,341 shares of the stock in a transaction on 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 transaction, the director now directly owns 29,140 shares in the company, valued at $2,928,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 967,258 shares of company stock worth $101,532,888. Insiders own 11.00% of the company’s stock.
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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