Two Sigma Securities LLC Takes $752,000 Position in Hasbro, Inc. $HAS

Two Sigma Securities LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,106 shares of the company’s stock, valued at approximately $752,000.

Several other large investors also recently modified their holdings of the business. CYBER HORNET ETFs LLC bought a new position in Hasbro during the 2nd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the fourth quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new position in shares of Hasbro during the second quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro during the first quarter worth about $37,000. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the transaction, the insider owned 54,229 shares in the company, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the transaction, the insider owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. This represents a 4.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 50,472 shares of company stock worth $4,736,533. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HAS. UBS Group reiterated a “buy” rating and issued a $120.00 price objective on shares of Hasbro in a report on Monday, July 27th. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Argus raised their target price on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.43.

Hasbro Price Performance

Shares of HAS opened at $93.20 on Wednesday. The firm has a market capitalization of $13.15 billion, a PE ratio of 16.76, a PEG ratio of 1.71 and a beta of 0.47. The company’s 50-day moving average is $88.60 and its 200-day moving average is $91.06. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. 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 (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities analysts forecast that Hasbro, Inc. will post 6.18 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders 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 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is presently 50.36%.

Hasbro Profile

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.