Hasbro (HAS) : Peloton Wealth Strategists reduced its stake in Hasbro by 1.64% during the most recent quarter end. The investment management company now holds a total of 41,950 shares of Hasbro which is valued at $3.6 Million after selling 700 shares in Hasbro , the firm said in a disclosure report filed with the SEC on May 13, 2016.Hasbro makes up approximately 3.05% of Peloton Wealth Strategists’s portfolio.
Other Hedge Funds, Including , Pinebridge Investments reduced its stake in HAS by selling 2,051 shares or 21.4% in the most recent quarter. The Hedge Fund company now holds 7,532 shares of HAS which is valued at $641,049. Hasbro makes up approx 0.03% of Pinebridge Investments’s portfolio.Raymond James Associates reduced its stake in HAS by selling 4,968 shares or 7.55% in the most recent quarter. The Hedge Fund company now holds 60,873 shares of HAS which is valued at $5.2 Million. Hasbro makes up approx 0.02% of Raymond James Associates’s portfolio.Meeder Asset Management Inc reduced its stake in HAS by selling 6,982 shares or 58.3% in the most recent quarter. The Hedge Fund company now holds 4,993 shares of HAS which is valued at $424,954. Hasbro makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.Blackrock Advisors boosted its stake in HAS in the latest quarter, The investment management firm added 3,968 additional shares and now holds a total of 123,569 shares of Hasbro which is valued at $10.5 Million. Hasbro makes up approx 0.01% of Blackrock Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in HAS in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 3,407 shares of Hasbro which is valued at $288,368.
Hasbro opened for trading at $86.5 and hit $87.12 on the upside on Wednesday, eventually ending the session at $86.76, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 7,53,580 shares. Company has a market cap of $10,819 M.
On the company’s financial health, Hasbro 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 May 19, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.
Many Wall Street Analysts have commented on Hasbro. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.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 on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $81.
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.