Alyeska Investment Group L.P. Reduces Stake in Hasbro, Inc. $HAS

Alyeska Investment Group L.P. lowered its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 57.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,300 shares of the company's stock after selling 66,407 shares during the period. Alyeska Investment Group L.P.'s holdings in Hasbro were worth $3,989,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HAS. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company's stock worth $1,018,000 after acquiring an additional 1,753 shares during the period. Empowered Funds LLC increased its holdings in Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company's stock worth $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP increased its holdings in Hasbro by 40.7% in the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company's stock worth $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Hasbro in the 1st quarter valued at about $292,000. Institutional investors own 91.83% of the company's stock.

Insider Buying and Selling at Hasbro

In other news, CFO Gina M. Goetter sold 8,265 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the transaction, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. The trade was a 9.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was 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 directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. 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. Insiders have sold a total of 50,472 shares of company stock worth $4,736,533 in the last ninety days. Insiders own 0.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on HAS shares. Roth Capital reaffirmed a "buy" rating on shares of Hasbro in a report on Wednesday, July 22nd. Argus lifted their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. UBS Group reissued a "buy" rating and issued a $120.00 price target on shares of Hasbro in a research report on Monday, July 27th. Wall Street Zen cut shares of Hasbro from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Zacks Research downgraded shares of Hasbro from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $109.43.

Hasbro Stock Down 1.0%

Shares of NASDAQ HAS opened at $93.20 on Wednesday. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The business has a 50-day simple moving average of $88.60 and a two-hundred day simple moving average of $91.06. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The company has a market cap of $13.15 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.71 and a beta of 0.47.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. The company's quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 6.18 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro's dividend payout ratio is 50.36%.

Hasbro Company Profile

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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