3,334 Shares in Hasbro, Inc. $HAS Bought by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. has acquired 3,334 shares of Hasbro, Inc. for about $246,000, reflecting growing institutional interest in the company.
• Multiple analysts have recently upgraded Hasbro's stock rating, with Goldman Sachs raising its price target from $66.00 to $85.00, indicating strong market confidence.
• Hasbro's recent earnings report showed an EPS of $1.30, exceeding analysts' expectations by $0.52, despite a 1.5% year-over-year revenue decline.

Kera Capital Partners Inc. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,334 shares of the company's stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. Sentry Investment Management LLC purchased a new stake in Hasbro during the 1st quarter worth $28,000. SBI Securities Co. Ltd. lifted its holdings in 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 in the last quarter. Allworth Financial LP lifted its holdings in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after buying an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in 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 buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Hasbro by 299.0% in the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock worth $70,000 after buying an additional 855 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $85.00 in a report on Monday, June 30th. Bank of America boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Citigroup boosted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group boosted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.42.

Insider Activity

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, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by corporate insiders.

Hasbro Stock Performance

Shares of Hasbro stock opened at $78.38 on Monday. The firm has a market cap of $10.99 billion, a PE ratio of -19.31, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. The firm's 50-day simple moving average is $78.23 and its 200-day simple moving average is $68.41. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. Equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, August 20th. Hasbro's dividend payout ratio is -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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