Hasbro, Inc. $HAS Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 446,883 shares of the company’s stock after selling 20,446 shares during the period. Quantinno Capital Management LP’s holdings in Hasbro were worth $41,828,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HAS. Dorato Capital Management purchased a new position in Hasbro during the 4th quarter valued at about $1,804,000. Howard Capital Management Inc. bought a new position in Hasbro in the fourth quarter worth approximately $964,000. Nomura Asset Management Co. Ltd. raised its stake in Hasbro by 734.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after buying an additional 29,735 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Hasbro during the fourth quarter worth $9,758,000. Finally, Oak Thistle LLC purchased a new stake in Hasbro during the fourth quarter worth $1,140,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 0.7%

Shares of HAS stock opened at $94.53 on Friday. The stock’s fifty day moving average price is $84.36 and its 200 day moving average price is $90.58. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BNP Paribas Exane cut their price target on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. DA Davidson decreased their price objective on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Jefferies Financial Group dropped their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Bank of America cut their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Insiders Place Their Bets

In other news, CFO Gina M. Goetter sold 11,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the sale, the chief financial officer directly owned 88,104 shares of the company’s stock, valued at $8,408,645.76. The trade was a 11.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Hight sold 3,186 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the sale, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,186 shares of company stock valued at $3,210,800. Insiders own 0.71% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.