Jacobi Capital Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,649 shares of the company’s stock after purchasing an additional 352 shares during the period. Jacobi Capital Management LLC’s holdings in Hasbro were worth $381,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of HAS. Bessemer Group Inc. increased its stake in Hasbro by 28.1% in the fourth quarter. Bessemer Group Inc. now owns 588 shares of the company’s stock valued at $60,000 after purchasing an additional 129 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Hasbro during the fourth quarter worth $2,634,000. Yousif Capital Management LLC bought a new stake in shares of Hasbro during the fourth quarter worth $2,071,000. CWM LLC bought a new stake in shares of Hasbro during the fourth quarter worth $55,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Hasbro by 51.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 73,688 shares of the company’s stock worth $7,500,000 after acquiring an additional 25,160 shares in the last quarter. Institutional investors own 75.35% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on HAS shares. DA Davidson increased their price objective on shares of Hasbro from $121.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Jefferies Financial Group lowered their price objective on shares of Hasbro from $115.00 to $100.00 in a research report on Friday, July 15th. MKM Partners reduced their target price on shares of Hasbro from $118.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 7th. BMO Capital Markets reduced their target price on shares of Hasbro from $85.00 to $80.00 in a report on Thursday, July 21st. Finally, UBS Group reduced their target price on shares of Hasbro to $120.00 in a report on Tuesday, July 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $105.70.
Hasbro Stock Performance
Hasbro (NASDAQ:HAS – Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.21. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share. As a group, equities analysts predict that Hasbro, Inc. will post 5.09 EPS for the current year.
Hasbro Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Monday, October 31st. Hasbro’s dividend payout ratio is currently 72.16%.
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.
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