Bollard Group LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 7,050 shares of the company’s stock after buying an additional 36 shares during the period. Bollard Group LLC’s holdings in Hasbro were worth $704,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of HAS. Pinnacle Bank purchased a new stake in shares of Hasbro during the first quarter valued at approximately $139,000. Independent Advisor Alliance purchased a new stake in shares of Hasbro during the fourth quarter valued at approximately $126,000. Van ECK Associates Corp boosted 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 valued at $120,000 after buying an additional 193 shares during the last quarter. Washington Trust Bank boosted its stake in shares of Hasbro by 5.3% in the first quarter. Washington Trust Bank now owns 1,752 shares of the company’s stock valued at $175,000 after buying an additional 88 shares during the last quarter. Finally, Boston Advisors LLC purchased a new stake in shares of Hasbro during the first quarter valued at approximately $215,000. Institutional investors and hedge funds own 79.72% of the company’s stock.
Shares of Hasbro, Inc. (NASDAQ:HAS) traded up 0.73% during mid-day trading on Thursday, reaching $96.21. The company’s stock had a trading volume of 670,912 shares. The firm has a market capitalization of $11.96 billion, a P/E ratio of 22.17 and a beta of 0.77. The company’s 50-day moving average is $97.92 and its 200 day moving average is $88.32. Hasbro, Inc. has a 1-year low of $76.14 and a 1-year high of $101.08.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, February 6th. The company reported $1.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.37. Hasbro had a return on equity of 33.18% and a net margin of 10.98%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts expect that Hasbro, Inc. will post $4.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. This is a boost from Hasbro’s previous quarterly dividend of $0.51. Hasbro’s dividend payout ratio (DPR) is presently 47.00%.
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Several brokerages recently commented on HAS. BMO Capital Markets reiterated a “hold” rating and set a $86.00 price target on shares of Hasbro in a research report on Thursday, April 13th. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. B. Riley began coverage on Hasbro in a research report on Sunday, April 9th. They set a “neutral” rating and a $111.00 price target for the company. Stifel Nicolaus boosted their price target on Hasbro from $90.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, April 5th. They noted that the move was a valuation call. Finally, Goldman Sachs Group Inc reiterated a “buy” rating and set a $110.00 price target on shares of Hasbro in a research report on Monday, April 3rd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $95.39.
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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