Visionary Asset Management Inc. Acquires Shares of 3,507 Hasbro, Inc. (HAS)
Visionary Asset Management Inc. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,507 shares of the company’s stock, valued at approximately $391,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Acrospire Investment Management LLC increased its position in Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock valued at $100,000 after buying an additional 100 shares during the period. Oakworth Capital Inc. increased its position in Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock valued at $113,000 after buying an additional 838 shares during the period. YorkBridge Wealth Partners LLC increased its position in Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock valued at $113,000 after buying an additional 873 shares during the period. TrimTabs Asset Management LLC bought a new position in Hasbro during the first quarter valued at approximately $119,000. Finally, Meeder Asset Management Inc. bought a new position in Hasbro during the first quarter valued at approximately $131,000. 78.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hasbro, Inc. (HAS) traded up 0.72% on Wednesday, reaching $114.22. The company’s stock had a trading volume of 141,059 shares. The stock has a 50-day moving average of $110.14 and a 200 day moving average of $99.04. The stock has a market capitalization of $14.28 billion, a PE ratio of 25.39 and a beta of 0.92. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $114.53.
Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. The firm had revenue of $849.70 million during the quarter, compared to analyst estimates of $818.27 million. During the same quarter last year, the business posted $0.38 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Hasbro, Inc. will post $4.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, July 28th. Hasbro’s dividend payout ratio (DPR) is currently 50.67%.
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Several research firms have recently commented on HAS. B. Riley began coverage on Hasbro in a research note on Monday, April 3rd. They issued a “neutral” rating and a $111.00 price objective on the stock. BidaskClub raised 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 Friday, May 19th. Stifel Nicolaus reissued a “hold” rating and set a $107.00 target price (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $110.00 target price on shares of Hasbro in a research note on Monday, April 3rd. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.40.
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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