HASBRO INC COM (HAS) : Cardinal Capital Management reduced its stake in HASBRO INC COM by 0.16% during the most recent quarter end. The investment management company now holds a total of 59,463 shares of HASBRO INC COM which is valued at $5,198,850 after selling 95 shares in HASBRO INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.HASBRO INC COM makes up approximately 2.14% of Cardinal Capital Management’s portfolio.
HASBRO INC COM closed down -0.47 points or -0.54% at $87.16 with 7,29,498 shares getting traded on Wednesday. Post opening the session at $87.19, the shares hit an intraday low of $87.12 and an intraday high of $87.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in HAS during the most recent quarter. The investment firm sold 6,195 shares of HAS which is valued $541,629.Cornerstone Investment Partners reduced its stake in HAS by selling 950 shares or 19.58% in the most recent quarter. The Hedge Fund company now holds 3,901 shares of HAS which is valued at $341,064. HASBRO INC COM makes up approx 0.01% of Cornerstone Investment Partners’s portfolio.British Columbia Investment Management Corp boosted its stake in HAS in the latest quarter, The investment management firm added 6,666 additional shares and now holds a total of 83,909 shares of HASBRO INC COM which is valued at $6,666,570. HASBRO INC COM makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Creative Planning reduced its stake in HAS by selling 180 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 3,899 shares of HAS which is valued at $309,776.
On the company’s financial health, HASBRO INC COM reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $831.20 million for the quarter, compared to analysts expectations of $779.23 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Investors should note that on Feb 8, 2016, HASBRO INC COM announced a cash dividend of $0.5100. The company’s management has announced Apr 28, 2016 as the ex-dividend date and fixed the record date on May 2, 2016. The payable date has been fixed on May 16, 2016.
Many Wall Street Analysts have commented on HASBRO INC COM. Company shares were Reiterated by Monness Crespi & Hardt on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $84 .JP Morgan Initiated HASBRO INC COM on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $81.Company shares were Reiterated by Piper Jaffray on Mar 31, 2016 to “Overweight”, Firm has raised the Price Target to $ 84 from a previous price target of $83 .
Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Companys business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.