Candriam S.C.A. Purchases New Position in Hasbro, Inc. $HAS

Key Points

• Candriam S.C.A. has acquired 7,838 shares of Hasbro, Inc. valued at approximately $482,000, as reported in their recent SEC filing.
• Notable insider selling occurred, with CEO Christian P. Cocks selling 27,800 shares at an average price of $78.92, marking a 10.01% decrease in ownership.
• Several analysts have raised their price targets for Hasbro, with Citigroup setting a new target of $91.00 and maintaining a "buy" rating.

Candriam S.C.A. bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,838 shares of the company's stock, valued at approximately $482,000.

A number of other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in Hasbro by 3.9% in the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock valued at $1,754,000 after buying an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Hasbro by 20.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after acquiring an additional 2,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock valued at $1,021,000 after purchasing an additional 6,225 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Hasbro by 7.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock worth $785,000 after purchasing an additional 931 shares during the period. Finally, Merit Financial Group LLC bought a new stake in shares of Hasbro in the first quarter worth about $306,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research analyst reports. Monness Crespi & Hardt raised their target price on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson increased their price target on shares of Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, UBS Group lifted their target price on shares of Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.42.

Hasbro Stock Performance

Shares of Hasbro stock traded down $0.72 during trading hours on Friday, reaching $80.88. 394,737 shares of the stock traded hands, compared to its average volume of 2,016,603. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of -19.93, a P/E/G ratio of 1.05 and a beta of 0.60. The company has a 50 day moving average price of $76.98 and a 200 day moving average price of $67.15. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.22 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Insider Transactions at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction that occurred 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 owned 44,301 shares of the company's stock, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 over the last 90 days. Company insiders own 0.85% of the company's stock.

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.