Ngam Advisors L.P. Has $22.85 Million Stake in Hasbro, Inc. (HAS)
Ngam Advisors L.P. lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 8.9% during the first quarter, Holdings Channel reports. The institutional investor owned 228,952 shares of the company’s stock after selling 22,434 shares during the period. Ngam Advisors L.P. owned 0.18% of Hasbro worth $22,854,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake 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 in the last quarter. Oakworth Capital Inc. raised its stake 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 in the last quarter. YorkBridge Wealth Partners LLC raised its stake 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 in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Hasbro during the first quarter worth $119,000. Finally, Van ECK Associates Corp raised its stake in shares of Hasbro by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 1,548 shares of the company’s stock worth $120,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 79.31% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ HAS) traded up 0.60% during trading on Friday, hitting $109.64. 1,322,217 shares of the stock were exchanged. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $111.01. The stock’s 50 day moving average price is $103.67 and its 200 day moving average price is $94.36. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 24.37 and a beta of 0.87.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The business had revenue of $849.70 million during the quarter, compared to analysts’ expectations of $818.27 million. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities analysts predict that Hasbro, Inc. will post $4.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.28 annualized dividend and a yield of 2.08%. Hasbro’s payout ratio is currently 50.67%.
A number of analysts have weighed in on HAS shares. Citigroup Inc. raised their target price on shares of Hasbro from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, March 6th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Thursday, March 2nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $110.00 target price on shares of Hasbro in a research report on Monday, April 3rd. Stifel Nicolaus raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Hasbro in a research report on Sunday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $105.76.
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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