Algert Global LLC reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 83.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,030 shares of the company's stock after selling 220,070 shares during the period. Algert Global LLC's holdings in Hasbro were worth $3,636,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro during the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC acquired a new stake in Hasbro in the 2nd quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Hasbro by 1,190.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock valued at $32,000 after acquiring an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in Hasbro during the 1st quarter worth approximately $37,000. Institutional investors own 91.83% of the company's stock.
Hasbro Stock Performance
Shares of HAS stock opened at $94.23 on Friday. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.72 and a beta of 0.47. The company has a 50-day simple moving average of $88.20 and a 200 day simple moving average of $91.26. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66.
Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter last year, the business earned $1.30 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro, Inc. will post 6.15 earnings per share for the current year.
Hasbro Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro's payout ratio is currently 50.36%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on HAS shares. Jefferies Financial Group lowered their price objective on shares of Hasbro from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. DA Davidson reduced their target price on shares of Hasbro from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 22nd. Argus raised their target price on shares of Hasbro from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Wall Street Zen lowered shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, BNP Paribas Exane cut their price target on shares of Hasbro from $117.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $109.43.
Read Our Latest Research Report on HAS
Insider Buying and Selling
In other Hasbro news, insider John Hight sold 3,186 shares of the firm's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company's stock, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 54,229 shares of the company's stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is owned by insiders.
Hasbro Profile
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Free Report)
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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