10,000 Shares in Hasbro, Inc. $HAS Acquired by PARK CIRCLE Co

Key Points

• PARK CIRCLE Co has acquired 10,000 shares of Hasbro, Inc. valued at approximately $738,000 in the second quarter, as disclosed to the SEC.
• Hasbro recently reported earnings of $1.30 EPS for the quarter, surpassing analysts' expectations, with revenue of $980.80 million, despite a 1.5% year-over-year decline.
• The company's stock has recently received upgraded ratings, with target prices raised by firms such as Goldman Sachs and UBS Group, indicating a strong consensus rating of "Moderate Buy."

PARK CIRCLE Co purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $738,000.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after buying an additional 269 shares during the period. Allworth Financial LP increased its stake in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after acquiring an additional 449 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares during the period. Blue Trust Inc. lifted its stake in shares of Hasbro by 299.0% in the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after purchasing an additional 855 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Hasbro by 58.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company's stock worth $74,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 1.0%

Shares of Hasbro stock opened at $75.57 on Thursday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The company has a market capitalization of $10.60 billion, a PE ratio of -18.61, a P/E/G ratio of 0.97 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a 50-day moving average of $77.80 and a 200-day moving average of $69.96.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the business posted $1.22 earnings per share. Hasbro's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Hasbro's payout ratio is presently -68.97%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of recent research reports. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Roth Capital lifted their target price on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hasbro in a report on Wednesday. UBS Group boosted their price objective on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, DA Davidson increased their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the transaction, the insider owned 44,301 shares of the company's stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,359 shares of company stock valued at $2,970,828. Insiders own 0.85% of the company's stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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