Northern Trust Corp lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,443,990 shares of the company’s stock after selling 91,906 shares during the quarter. Northern Trust Corp’s holdings in Hasbro were worth $152,601,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. 6 Meridian increased its stake in shares of Hasbro by 1.9% in the 2nd quarter. 6 Meridian now owns 5,548 shares of the company’s stock valued at $586,000 after buying an additional 103 shares during the period. Mason Street Advisors LLC increased its stake in shares of Hasbro by 0.7% in the 1st quarter. Mason Street Advisors LLC now owns 16,517 shares of the company’s stock valued at $1,404,000 after buying an additional 108 shares during the period. Creative Planning increased its stake in shares of Hasbro by 1.6% in the 2nd quarter. Creative Planning now owns 7,704 shares of the company’s stock valued at $814,000 after buying an additional 123 shares during the period. Securian Asset Management Inc increased its stake in shares of Hasbro by 1.2% in the 2nd quarter. Securian Asset Management Inc now owns 12,081 shares of the company’s stock valued at $1,277,000 after buying an additional 141 shares during the period. Finally, ETF Managers Group LLC increased its stake in shares of Hasbro by 9.5% in the 1st quarter. ETF Managers Group LLC now owns 1,721 shares of the company’s stock valued at $146,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.
Several equities research analysts have recently commented on HAS shares. SunTrust Banks set a $118.00 target price on Hasbro and gave the company a “hold” rating in a research note on Friday, August 23rd. BMO Capital Markets lifted their price objective on Hasbro from $93.00 to $105.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. DA Davidson reaffirmed a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Argus raised Hasbro from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $122.77.
Shares of Hasbro stock traded up $3.37 during trading on Thursday, reaching $120.86. The stock had a trading volume of 44,315 shares, compared to its average volume of 1,125,634. The company has a market capitalization of $14.95 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.24 and a beta of 1.06. The stock has a fifty day moving average price of $114.14 and a two-hundred day moving average price of $101.27. Hasbro, Inc. has a 52 week low of $76.84 and a 52 week high of $126.87. The company has a current ratio of 2.64, a quick ratio of 2.11 and a debt-to-equity ratio of 0.99.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27. The company had revenue of $984.54 million for the quarter, compared to analyst estimates of $958.91 million. Hasbro had a return on equity of 30.92% and a net margin of 6.69%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.68 dividend. The ex-dividend date is Thursday, October 31st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.25%. Hasbro’s dividend payout ratio (DPR) is 70.65%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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