13,251 Shares in Hasbro, Inc. $HAS Bought by WBI Investments LLC

WBI Investments LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,251 shares of the company’s stock, valued at approximately $978,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in shares of Hasbro by 85.0% in the second quarter. Rothschild Investment LLC now owns 740 shares of the company’s stock worth $55,000 after acquiring an additional 340 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Hasbro by 12.4% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 4,148 shares of the company’s stock worth $306,000 after purchasing an additional 459 shares in the last quarter. Cetera Investment Advisers lifted its stake in Hasbro by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 74,893 shares of the company’s stock valued at $5,529,000 after purchasing an additional 5,856 shares during the last quarter. Pinnbrook Capital Management LP acquired a new stake in Hasbro in the second quarter valued at approximately $12,027,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Hasbro by 7.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,305 shares of the company’s stock worth $2,385,000 after buying an additional 2,317 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research reports. Citigroup boosted their price objective on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. UBS Group boosted their price target on Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Bank of America lifted their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $89.33.

Hasbro Stock Performance

Shares of HAS opened at $77.04 on Tuesday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a market cap of $10.81 billion, a PE ratio of -19.21, a P/E/G ratio of 0.98 and a beta of 0.61. The stock has a 50-day moving average of $75.99 and a 200-day moving average of $74.09. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $1.73 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.6%. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Insider Buying and Selling at Hasbro

In related news, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 40,357 shares of company stock worth $3,199,818. 0.85% of the stock is owned by corporate insiders.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.