Weaver C. Barksdale Associates Lowers stake in Hasbro (HAS)

Hasbro (HAS) : Weaver C. Barksdale Associates reduced its stake in Hasbro by 0.33% during the most recent quarter end. The investment management company now holds a total of 12,254 shares of Hasbro which is valued at $973,580 after selling 40 shares in Hasbro according to a report filed by the company on Apr 5, 2016 with the SEC.Hasbro makes up approximately 0.73% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Hasbro reported $1.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Feb 8, 2016. Analyst had a consensus of $1.30. The company had revenue of $1465.40 million for the quarter, compared to analysts expectations of $1365.68 million. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.

Investors should note that on Feb 8, 2016, Hasbro 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. JP Morgan Initiated Hasbro 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 .UBS Initiated Hasbro on Mar 24, 2016 to “Neutral”, Price Target of the shares are set at $83.

Hasbro opened for trading at $79.31 and hit $80.3 on the upside on Monday, eventually ending the session at $79.45, with a gain of 0.88% or 0.69 points. The heightened volatility saw the trading volume jump to 10,50,055 shares. Company has a market cap of $9,915 M.

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 Company’s 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.

Leave a Reply

Hasbro - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hasbro. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.