Hasbro, Inc. (NASDAQ:HAS).
Korea Investment Corp says it bought 6,000 shares last quarter increasing its stake in Hasbro, Inc. (HAS) by 1.4%. Its position was valued at $41,660,000 a decrease of 11.2% as of quarter end.
The following firms have recently changed their position in HAS. As of quarter end Raymond James Financial Services Advisors, Inc. had acquired 1,906 shares growing its holdings by 13.1%. The value of the investment in HAS went from $1,618,000 to $1,603,000 a change of $15,000 since the last quarter. Aperio Group, LLC grew its stake by buying 7,607 shares an increase of 11.9%. Aperio Group, LLC now controls 71,516 shares valued at $6,985,000. The total value of its holdings decreased 2.0%.
As of the end of the quarter State Of New Jersey Common Pension Fund D had sold a total of 70,000 shares trimming its stake by 24.1%. The value in dollars decreased from $32,338,000 to $21,487,000 a change of 33.6% quarter to quarter.
October 16 investment analysts at Stifel Nicolaus left the company rating at “Hold” but lowered the price expectation to $104.00 from $107.00. On October 24 BMO Capital made no change to the stock rating of “Market Perform” and raised the price expectation from $81.00 to $83.00.
On October 24, 2017 the stock rating was changed to “Overweight” in a report from Barclays which is up from the previous “Overweight” rating.
The company is now down by 1.72%% since yesterday’s close of 97.14. Hasbro, Inc. also recently announced a dividend for shareholders payable on Wednesday the 15th of November 2017. The dividend will be $0.570 per share for the quarter which comes to $2.28 on an annualized basis. This dividend represents a yield of $2.35 which is the dividend as a percentage of the current share price. The ex-dividend date will be Friday July 28th, 2017.
Shares are trading at $95.47 which is marginally under $95.99, the 50 day moving average and which is just a bit below the 200 day moving average of $101.67. The 50 day moving average went down $-0.52 or -0.54% and the 200 day average was down $-6.20.
The company currently has a P/E ratio of 20.68 and the market cap is 11.94B. As of the latest earnings report the EPS was $4.62 and is expected to be $5.00 for the current year with 125,081,000 shares outstanding. Next quarter’s EPS is expected be $0.45 with next year’s EPS anticipated to be $5.25.
Investors are more bearish of late if you consider the increase in short interest. The company experienced a rise in short interest of 18.26% as of the latest report on September 29, 2017. Short shares grew from 4,871,531 to 5,761,051 over that timeframe. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares is 0.05% as of September 29.