Deprince Race & Zollo Inc. boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 52.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 370,227 shares of the company’s stock after purchasing an additional 127,281 shares during the quarter. Hasbro makes up 0.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 21st largest position. Deprince Race & Zollo Inc. owned about 0.27% of Hasbro worth $34,994,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. RMR Wealth Builders purchased a new position in Hasbro during the first quarter worth approximately $31,000. AGF Investments LLC lifted its position in shares of Hasbro by 241.6% in the first quarter. AGF Investments LLC now owns 345 shares of the company’s stock valued at $33,000 after acquiring an additional 244 shares in the last quarter. Strategic Blueprint LLC purchased a new position in shares of Hasbro in the second quarter valued at approximately $37,000. SRS Capital Advisors Inc. purchased a new position in shares of Hasbro in the second quarter valued at approximately $42,000. Finally, Berman Capital Advisors LLC lifted its position in shares of Hasbro by 85.7% in the second quarter. Berman Capital Advisors LLC now owns 453 shares of the company’s stock valued at $42,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 77.86% of the company’s stock.
In other Hasbro news, CEO Brian Goldner sold 210,378 shares of Hasbro stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $101.05, for a total transaction of $21,258,696.90. Following the completion of the sale, the chief executive officer now directly owns 352,459 shares of the company’s stock, valued at approximately $35,615,981.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eric Nyman sold 11,435 shares of Hasbro stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $100.08, for a total value of $1,144,414.80. Following the sale, the chief operating officer now directly owns 31,118 shares of the company’s stock, valued at $3,114,289.44. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.
Hasbro (NASDAQ:HAS) last released its earnings results on Sunday, July 25th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.58. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.19 billion. Hasbro had a return on equity of 24.77% and a net margin of 7.06%. During the same period last year, the business posted $0.02 earnings per share. Analysts forecast that Hasbro, Inc. will post 4.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Investors of record on Monday, November 1st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, October 29th. This represents a $2.72 dividend on an annualized basis and a yield of 2.86%. Hasbro’s dividend payout ratio (DPR) is presently 72.73%.
HAS has been the topic of several research reports. KeyCorp raised their target price on Hasbro from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 27th. Truist Securities reaffirmed a “hold” rating and issued a $101.45 price target on shares of Hasbro in a report on Tuesday, July 27th. Truist increased their price target on Hasbro from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, July 27th. BMO Capital Markets increased their price target on Hasbro from $90.00 to $93.00 and gave the company a “market perform” rating in a report on Tuesday, July 27th. They noted that the move was a valuation call. Finally, DA Davidson reaffirmed a “buy” rating and issued a $101.45 price target (down previously from $120.00) on shares of Hasbro in a report on Tuesday, July 27th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $106.22.
Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm operates under the following brands: Littlest Pet Shop and Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: United States and Canada, International, and Entertainment, Licensing and Digital and eOne.
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