Allianz Asset Management GmbH Takes Position in Hasbro, Inc. $HAS

Key Points

• Allianz Asset Management GmbH has acquired a new stake in Hasbro, purchasing 50,985 shares valued at approximately $3.76 million.
• Hasbro's latest quarterly earnings report showed an EPS of $1.68, exceeding estimates and indicating an 8.3% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.70 per share, with an upcoming payment date on December 3rd, reflecting an annualized dividend yield of 3.6%.

Allianz Asset Management GmbH acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,985 shares of the company's stock, valued at approximately $3,764,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HAS. Nuveen LLC purchased a new stake in shares of Hasbro during the 1st quarter valued at $30,347,000. Valley Wealth Managers Inc. acquired a new position in shares of Hasbro in the 1st quarter valued at $25,381,000. Dimensional Fund Advisors LP increased its position in shares of Hasbro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock valued at $140,652,000 after acquiring an additional 227,477 shares during the period. Samlyn Capital LLC increased its position in shares of Hasbro by 22.7% in the 1st quarter. Samlyn Capital LLC now owns 950,630 shares of the company's stock valued at $58,454,000 after acquiring an additional 176,175 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Hasbro by 15.3% in the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock valued at $79,312,000 after acquiring an additional 170,749 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Price Performance

Shares of HAS opened at $77.94 on Friday. The business's 50-day moving average is $77.10 and its two-hundred day moving average is $71.08. The company has a market capitalization of $10.93 billion, a P/E ratio of -19.20, a P/E/G ratio of 0.97 and a beta of 0.60. 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 fifty-two week low of $49.00 and a fifty-two week high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro's dividend payout ratio is presently -68.97%.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 directly 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. Insiders have sold a total of 37,359 shares of company stock valued at $2,970,828 in the last ninety days. 0.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research downgraded Hasbro from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 10th. Morgan Stanley upped their target price on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of Hasbro in a research report on Wednesday, October 8th. Bank of America upped their target price on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Monness Crespi & Hardt upped their target price on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

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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