Sentry Investment Management LLC cut its position in Hasbro, Inc. (NASDAQ:HAS) by 4.4% during the first quarter, Holdings Channel reports. The fund owned 8,591 shares of the company’s stock after selling 392 shares during the period. Sentry Investment Management LLC’s holdings in Hasbro were worth $858,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC raised its stake in shares of Hasbro by 11.1% in the first quarter. Acrospire Investment Management LLC now owns 1,000 shares of the company’s stock worth $100,000 after buying an additional 100 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Hasbro by 291.0% in the first quarter. Oakworth Capital Inc. now owns 1,126 shares of the company’s stock worth $113,000 after buying an additional 838 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Hasbro by 337.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,132 shares of the company’s stock worth $113,000 after buying an additional 873 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in shares of Hasbro during the first quarter worth approximately $119,000. Finally, Pinnacle Bank acquired a new stake in shares of Hasbro during the first quarter worth approximately $139,000. 79.31% of the stock is owned by institutional investors.
Shares of Hasbro, Inc. (HAS) traded up 0.60% during trading on Friday, hitting $109.64. The stock had a trading volume of 1,322,217 shares. Hasbro, Inc. has a 12 month low of $76.14 and a 12 month high of $111.01. The company has a market cap of $13.71 billion, a P/E ratio of 24.37 and a beta of 0.87. The stock has a 50-day moving average price of $103.67 and a 200 day moving average price of $94.36.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Monday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $849.70 million during the quarter, compared to analysts’ expectations of $818.27 million. Hasbro had a return on equity of 32.36% and a net margin of 11.34%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts expect that Hasbro, Inc. will post $4.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors 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 2.08%. The ex-dividend date is Friday, July 28th. Hasbro’s dividend payout ratio (DPR) is currently 50.67%.
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A number of analysts recently commented on the company. B. Riley began coverage on Hasbro in a research note on Sunday, April 9th. They issued a “neutral” rating and a $111.00 price target for the company. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Wednesday. Argus began coverage on Hasbro in a research report on Friday. They set a “buy” rating and a $128.00 price objective for the company. Jefferies Group LLC began coverage on Hasbro in a research report on Thursday, June 8th. They set a “buy” rating and a $125.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on Hasbro from $86.00 to $95.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.76.
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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