Krilogy Financial LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,423 shares of the company’s stock, valued at approximately $608,000.
A number of other hedge funds have also recently added to or reduced their stakes in HAS. Jones Financial Companies Lllp grew its holdings in Hasbro by 115.3% during the first quarter. Jones Financial Companies Lllp now owns 310 shares of the company’s stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Carolinas Wealth Consulting LLC grew its holdings in Hasbro by 60.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in Hasbro during the first quarter valued at approximately $26,000. JFS Wealth Advisors LLC grew its holdings in Hasbro by 139.1% during the first quarter. JFS Wealth Advisors LLC now owns 318 shares of the company’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in Hasbro by 116.2% during the first quarter. Clearstead Advisors LLC now owns 320 shares of the company’s stock valued at $26,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on HAS shares. Jefferies Financial Group lowered their price target on Hasbro from $115.00 to $100.00 in a report on Friday, July 15th. UBS Group reduced their price objective on Hasbro to $120.00 in a research report on Tuesday, July 26th. MKM Partners reduced their price objective on Hasbro from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. KeyCorp cut Hasbro to a “sector weight” rating in a research report on Tuesday, July 19th. Finally, Bank of America reissued a “buy” rating and issued a $96.00 price objective on shares of Hasbro in a research report on Thursday, August 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.82.
Hasbro Stock Down 2.8 %
Hasbro (NASDAQ:HAS – Get Rating) last issued its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.88 by $0.27. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. Hasbro’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. Analysts predict that Hasbro, Inc. will post 5.1 earnings per share for the current year.
Hasbro Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, October 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. Hasbro’s payout ratio is presently 72.16%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.
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