M&G Investment Management Ltd. bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,537 shares of the company’s stock, valued at approximately $907,000.
A number of other institutional investors also recently modified their holdings of HAS. Carolinas Wealth Consulting LLC lifted its position in shares of Hasbro by 60.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Hasbro during the second quarter worth $26,000. Worth Asset Management LLC acquired a new position in Hasbro during the first quarter worth $27,000. Power Corp of Canada acquired a new position in Hasbro during the first quarter worth $29,000. Finally, Triumph Capital Management acquired a new position in Hasbro during the second quarter worth $33,000. Institutional investors and hedge funds own 80.87% of the company’s stock.
Wall Street Analyst Weigh In
HAS has been the topic of several research reports. Jefferies Financial Group lowered their price objective on shares of Hasbro from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Bank of America downgraded shares of Hasbro from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $73.00 to $42.00 in a report on Monday, November 14th. MKM Partners reduced their target price on shares of Hasbro from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com started coverage on shares of Hasbro in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, DA Davidson upped their target price on shares of Hasbro from $112.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Hasbro has a consensus rating of “Hold” and a consensus price target of $90.00.
Hasbro Price Performance
Hasbro (NASDAQ:HAS – Get Rating) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.11). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Hasbro had a net margin of 6.70% and a return on equity of 19.90%. Hasbro’s revenue for the quarter was down 14.9% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. On average, research analysts expect that Hasbro, Inc. will post 4.67 EPS for the current year.
Hasbro Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Wednesday, February 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently 93.96%.
Hasbro Company Profile
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.
- Get a free copy of the StockNews.com research report on Hasbro (HAS)
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