11,758 Shares in Hasbro, Inc. $HAS Bought by Howard Capital Management Inc.

Key Points

• Howard Capital Management opened a new position of 11,758 shares in Hasbro during Q4, worth about $964,000, part of a landscape where institutional investors now own 91.83% of the stock.
• Hasbro topped Q4 expectations with EPS $1.51 vs. $0.99 estimated and revenue of $1.45B (up 31.3% YoY), and analysts have raised targets with a consensus price target of $112.86.
• Insiders have been net sellers recently — 413,342 shares sold in the last 90 days (including CFO and other insider sales) — and insider ownership stands at just 0.85%.

Howard Capital Management Inc. purchased a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,758 shares of the company's stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its stake in Hasbro by 7.0% in the fourth quarter. Apollon Wealth Management LLC now owns 4,953 shares of the company's stock worth $406,000 after purchasing an additional 322 shares during the period. Brookwood Investment Group LLC purchased a new position in shares of Hasbro in the 4th quarter worth about $510,000. Jackson Thornton Wealth Management LLC raised its position in shares of Hasbro by 14.6% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,581 shares of the company's stock worth $400,000 after purchasing an additional 582 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Hasbro in the 4th quarter worth about $257,000. Finally, Personal CFO Solutions LLC raised its position in shares of Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company's stock worth $301,000 after purchasing an additional 137 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 1.4%

HAS stock opened at $91.73 on Friday. The business's 50-day moving average is $95.54 and its two-hundred day moving average is $85.71. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. Hasbro, Inc. has a fifty-two week low of $49.08 and a fifty-two week high of $106.98. The company has a market cap of $12.91 billion, a price-to-earnings ratio of -39.03 and a beta of 0.55.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.46 earnings per share. The business's revenue for the quarter was up 31.3% compared to the same quarter last year. As a group, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 3.1%. Hasbro's dividend payout ratio (DPR) is -119.15%.

Insider Buying and Selling

In other news, CFO Gina M. Goetter sold 12,429 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer owned 68,221 shares of the company's stock, valued at $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares in the company, valued at $3,762,384. This trade represents a 17.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 413,342 shares of company stock worth $42,241,679 over the last ninety days. 0.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HAS shares. The Goldman Sachs Group lifted their price target on Hasbro from $88.00 to $114.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. BNP Paribas Exane lowered their price target on Hasbro from $118.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 1st. DA Davidson lifted their price target on Hasbro from $80.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 11th. Wall Street Zen raised Hasbro from a "buy" rating to a "strong-buy" rating in a report on Sunday, March 15th. Finally, JPMorgan Chase & Co. upped their price target on Hasbro from $94.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $112.86.

About Hasbro

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.

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