Rhumbline Advisers Has $19.79 Million Stake in Hasbro, Inc. $HAS

Rhumbline Advisers reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 268,138 shares of the company’s stock after selling 23,256 shares during the period. Rhumbline Advisers’ holdings in Hasbro were worth $19,794,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. SteelPeak Wealth LLC bought a new position in Hasbro during the 2nd quarter valued at $2,822,000. Jump Financial LLC grew its stake in shares of Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after acquiring an additional 6,219 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Hasbro by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock valued at $74,856,000 after purchasing an additional 27,547 shares during the last quarter. PARK CIRCLE Co purchased a new stake in shares of Hasbro in the second quarter valued at about $738,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Hasbro by 14.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,342 shares of the company’s stock valued at $451,000 after purchasing an additional 930 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several recent analyst reports. Bank of America upped their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on Hasbro from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Finally, Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.33.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $82.67 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $83.40. The company has a market cap of $11.60 billion, a price-to-earnings ratio of -20.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The company has a 50-day moving average price of $76.40 and a 200-day moving average price of $74.91.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $1.73 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders 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 dividend yield of 3.4%. Hasbro’s dividend payout ratio is currently -69.83%.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.85% of the company’s stock.

Hasbro Profile

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.