Park Avenue Securities LLC Has $4.19 Million Stock Holdings in Hasbro, Inc. $HAS

Park Avenue Securities LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 35.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,211 shares of the company’s stock after purchasing an additional 14,374 shares during the quarter. Park Avenue Securities LLC’s holdings in Hasbro were worth $4,188,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HAS. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,753 shares during the period. UniSuper Management Pty Ltd grew its position in Hasbro by 5.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,845 shares of the company’s stock worth $1,651,000 after purchasing an additional 1,500 shares during the last quarter. Empowered Funds LLC grew its position in Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after purchasing an additional 3,203 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

Hasbro stock opened at $89.14 on Friday. The firm has a market capitalization of $12.51 billion, a P/E ratio of -22.23, a P/E/G ratio of 1.56 and a beta of 0.55. The stock has a fifty day moving average price of $80.82 and a two-hundred day moving average price of $78.15. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $89.20. 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 issued its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s dividend payout ratio is currently -69.83%.

Insider Buying and Selling at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Citigroup boosted their price objective on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued 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 price target of $92.25.

Hasbro Company 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.