Chicago Partners Investment Group LLC 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 filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,577 shares of the company's stock, valued at approximately $275,000.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Hasbro by 0.6% during the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after buying an additional 105,624 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock worth $140,652,000 after buying an additional 227,477 shares in the last quarter. Northern Trust Corp grew its holdings in Hasbro by 7.4% during the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock worth $87,499,000 after buying an additional 98,425 shares in the last quarter. Deutsche Bank AG boosted its position in Hasbro by 15.3% in the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock worth $79,312,000 after purchasing an additional 170,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Hasbro by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock worth $74,856,000 after purchasing an additional 27,547 shares during the last quarter. Institutional investors own 91.83% of the company's stock.
Hasbro Stock Down 1.6%
Shares of NASDAQ HAS opened at $76.70 on Friday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.32. The business's fifty day moving average price is $77.01 and its 200-day moving average price is $71.26. The stock has a market capitalization of $10.76 billion, a PE ratio of -19.13, a P/E/G ratio of 1.00 and a beta of 0.60.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.
Hasbro Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 19th. Hasbro's payout ratio is presently -69.83%.
Insider Activity at Hasbro
In related news, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their position. The transaction 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 business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value 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. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Hasbro from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price objective on Hasbro from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Bank of America boosted their price objective on Hasbro from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and an average price target of $89.18.
Get Our Latest Stock Report on HAS
Hasbro Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS - Free Report).
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