14,764 Shares in Hasbro, Inc. $HAS Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP purchased 14,764 Hasbro shares worth approximately $1.22 million in the second quarter. Institutional investors now own 91.83% of the company.
• Hasbro’s latest quarterly results exceeded expectations, with earnings per share of $1.28 versus a $1.16 consensus estimate and revenue of $1.14 billion, up 16.2% year over year.
• Insiders sold 45,415 shares worth $4.26 million over the past 90 days, while Hasbro announced a quarterly dividend of $0.70 per share, representing a 2.9% annualized yield.

GSA Capital Partners LLP bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,764 shares of the company's stock, valued at approximately $1,219,000.

A number of other hedge funds have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro during the fourth quarter valued at $27,000. MUFG Securities EMEA plc purchased a new position in Hasbro during the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock worth $32,000 after acquiring an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in Hasbro in the first quarter worth $37,000. 91.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the transaction, the director owned 9,896 shares in the company, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 45,415 shares of company stock worth $4,260,164 in the last 90 days. Corporate insiders own 0.71% of the company's stock.

Hasbro Stock Down 1.7%

Hasbro stock opened at $95.05 on Tuesday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.77 and a beta of 0.47. The stock has a fifty day simple moving average of $86.32 and a two-hundred day simple moving average of $91.15. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The company's revenue was up 16.2% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Hasbro's payout ratio is 50.36%.

Analysts Set New Price Targets

HAS has been the subject of several analyst reports. Jefferies Financial Group reduced their price target on Hasbro from $120.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Friday, July 31st. Roth Capital reissued a "buy" rating on shares of Hasbro in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Hasbro from $125.00 to $111.00 and set an "overweight" rating for the company in a research note on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and an average target price of $109.07.

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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