24,821 Shares in Hasbro, Inc. $HAS Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. acquired 24,821 shares of Hasbro, Inc. valued at approximately $1.83 million in the 2nd quarter, according to a recent Form 13F filing.
• Several institutional investors increased their stakes in Hasbro, with Vanguard Group Inc. owning 16.46 million shares worth over $1 billion, highlighting significant institutional confidence in the company.
• Hasbro recently announced a quarterly dividend of $0.70 per share, with a payout ratio currently at -68.97% and a dividend yield of 3.7%.

Assenagon Asset Management S.A. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,821 shares of the company's stock, valued at approximately $1,832,000.

Several other institutional investors have also recently made changes to their positions in HAS. Vanguard Group Inc. increased its holdings in Hasbro by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after acquiring an additional 105,624 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock worth $140,652,000 after purchasing an additional 227,477 shares in the last quarter. Northern Trust Corp raised its position in shares of Hasbro by 7.4% during the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock valued at $87,499,000 after purchasing an additional 98,425 shares during the period. Deutsche Bank AG raised its position in shares of Hasbro by 15.3% during the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock valued at $79,312,000 after purchasing an additional 170,749 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Hasbro by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock valued at $74,856,000 after buying an additional 27,547 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Insider Buying and Selling

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. The trade was a 1.92% 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 8,557 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock worth $2,970,828 over the last three months. 0.85% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Roth Capital raised their price target on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their target price for the company from $66.00 to $85.00 in a research note on Monday, June 30th. UBS Group boosted their price target on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Monness Crespi & Hardt increased their price objective on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Finally, Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.42.

Hasbro Stock Performance

Hasbro stock opened at $75.59 on Friday. The company's 50-day moving average price is $77.92 and its 200-day moving average price is $69.12. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The company has a market cap of $10.60 billion, a PE ratio of -18.62, a price-to-earnings-growth ratio of 0.96 and a beta of 0.59. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate 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 company had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the business posted $1.22 earnings per share. The firm's revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

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

Hasbro Company Profile

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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