Mutual of America Capital Management LLC lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,323 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hasbro were worth $1,419,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HAS. Jones Financial Companies Lllp raised its position in shares of Hasbro by 115.3% during the first quarter. Jones Financial Companies Lllp now owns 310 shares of the company’s stock worth $25,000 after purchasing an additional 166 shares during the period. GHP Investment Advisors Inc. acquired a new stake in Hasbro in the 1st quarter valued at approximately $26,000. Allworth Financial LP raised its position in Hasbro by 985.3% in the 1st quarter. Allworth Financial LP now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 335 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in Hasbro in the 4th quarter valued at approximately $32,000. Finally, Tyler Stone Wealth Management acquired a new stake in Hasbro in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on HAS shares. DA Davidson lifted their target price on Hasbro from $121.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. BMO Capital Markets reduced their target price on Hasbro from $85.00 to $80.00 in a research note on Thursday, July 21st. Truist Financial reduced their price target on Hasbro from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Wednesday, July 20th. MKM Partners reduced their price target on Hasbro from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Finally, UBS Group reduced their price target on Hasbro to $120.00 in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $105.70.
Hasbro Price Performance
Shares of NASDAQ HAS opened at $78.72 on Friday. The stock has a market capitalization of $10.98 billion, a PE ratio of 20.29 and a beta of 0.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.03. The business has a fifty day moving average price of $83.13 and a two-hundred day moving average price of $88.22. Hasbro, Inc. has a fifty-two week low of $76.93 and a fifty-two week high of $105.73.
Hasbro (NASDAQ:HAS – Get Rating) last issued its earnings results on Tuesday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Hasbro had a return on equity of 22.26% and a net margin of 8.30%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 5.09 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a $0.70 dividend. The ex-dividend date is Friday, July 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.56%. Hasbro’s payout ratio is presently 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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