Fieldview Capital Management LLC Sells 84,517 Shares of Hasbro, Inc. $HAS

Fieldview Capital Management LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 86.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,530 shares of the company’s stock after selling 84,517 shares during the quarter. Fieldview Capital Management LLC’s holdings in Hasbro were worth $1,026,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its holdings in Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the period. Woodline Partners LP lifted its holdings in Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth purchased a new position in Hasbro in the first quarter worth about $292,000. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In related news, CEO Christian P. Cocks sold 196,411 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $103.00, for a total value of $800,619.00. Following the transaction, the insider directly owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. The trade was a 17.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 413,342 shares of company stock valued at $42,241,679. 0.85% of the stock is owned by company insiders.

Hasbro Price Performance

HAS stock opened at $95.78 on Tuesday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The company’s fifty day moving average price is $93.07 and its 200-day moving average price is $83.49. Hasbro, Inc. has a one year low of $49.00 and a one year high of $106.98. The company has a market capitalization of $13.48 billion, a PE ratio of -40.76 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, equities 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, March 4th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. Hasbro’s dividend payout ratio (DPR) is presently -119.15%.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of recent research reports. UBS Group boosted their price target on Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Citigroup raised their price objective on shares of Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group upped their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Jefferies Financial Group lifted their price target on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

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.