Rational Advisors LLC Continues to Hold Position in Hasbro, Inc. (HAS)
Rational Advisors LLC continued to hold its stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,285 shares of the company’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Hasbro were worth $255,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS boosted its position in Hasbro by 0.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock worth $410,000 after buying an additional 10 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Hasbro by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 4,973 shares of the company’s stock worth $496,000 after buying an additional 30 shares in the last quarter. Bollard Group LLC boosted 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. Genesee Valley Trust Co. boosted its position in Hasbro by 1.2% in the first quarter. Genesee Valley Trust Co. now owns 3,500 shares of the company’s stock worth $349,000 after buying an additional 43 shares in the last quarter. Finally, Coe Capital Management LLC boosted its position in Hasbro by 0.3% in the first quarter. Coe Capital Management LLC now owns 19,100 shares of the company’s stock worth $1,907,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 79.23% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) opened at 98.24 on Tuesday. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 21.28 and a beta of 0.90. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $116.20. The company has a 50-day moving average price of $108.16 and a 200-day moving average price of $101.80.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Hasbro had a net margin of 11.44% and a return on equity of 32.24%. The firm had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Hasbro, Inc. will post $5.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given 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 research firms have recently commented on HAS. BidaskClub cut Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus reaffirmed a “hold” rating and set a $108.00 target price on shares of Hasbro in a research note on Thursday, August 3rd. BMO Capital Markets upped their target price on Hasbro from $86.00 to $95.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Monday, June 19th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Hasbro presently has an average rating of “Hold” and a consensus price target of $106.69.
In related news, Director Alan G. Hassenfeld sold 280,906 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the sale, 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 this hyperlink. Also, EVP Barbara Finigan sold 23,483 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $106.30, for a total transaction of $2,496,242.90. Following the completion of the sale, the executive vice president now directly owns 32,345 shares of the company’s stock, valued at $3,438,273.50. The disclosure for this sale can be found here. Over the last three months, insiders 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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