Wellington Management Group LLP Sells 19,120 Shares of Hasbro, Inc. $HAS

Wellington Management Group LLP decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 16.9% during the 2nd quarter, Holdings Channel reports. The firm owned 93,784 shares of the company’s stock after selling 19,120 shares during the quarter. Wellington Management Group LLP’s holdings in Hasbro were worth $7,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro in the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro in the 4th quarter valued at $27,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the second quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Hasbro in the first quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HAS. JPMorgan Chase & Co. lowered their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. BNP Paribas Exane reduced their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, DA Davidson lowered their target price on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

Insiders Place Their Bets

In other news, CFO Gina M. Goetter sold 11,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the completion of the transaction, the chief financial officer directly owned 88,104 shares in the company, valued at approximately $8,408,645.76. The trade was a 11.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares in the company, valued at $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 50,472 shares of company stock worth $4,736,533 over the last three months. Insiders own 0.71% of the company’s stock.

Hasbro Trading Down 2.4%

HAS opened at $90.31 on Wednesday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The company has a market cap of $12.74 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.59 and a beta of 0.47. The firm has a 50 day simple moving average of $89.43 and a 200 day simple moving average of $90.72. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro, Inc. will post 6.17 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is currently 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.