44,250 Shares in Hasbro, Inc. $HAS Purchased by Caption Management LLC

Key Points

• Caption Management LLC invested approximately $2.72 million in Hasbro, acquiring 44,250 shares of the company’s stock during the first quarter.
• Hasbro reported $1.30 earnings per share for the last quarter, exceeding analysts' expectations of $0.78, with a revenue of $980.80 million.
• The company’s upcoming quarterly dividend of $0.70 per share indicates an annualized yield of 3.4%, with a dividend payout ratio currently at -68.97%.

Caption Management LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,250 shares of the company's stock, valued at approximately $2,721,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hasbro by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock worth $1,012,374,000 after purchasing an additional 105,624 shares during the period. Dimensional Fund Advisors LP raised 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 worth $140,652,000 after acquiring an additional 227,477 shares in the last quarter. Northern Trust Corp boosted its position in shares of Hasbro by 7.4% in the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock worth $87,499,000 after purchasing an additional 98,425 shares in the last quarter. Deutsche Bank AG raised 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 worth $79,312,000 after purchasing an additional 170,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Hasbro by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock valued at $74,856,000 after purchasing an additional 27,547 shares during the period. Institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Roth Capital lifted their price target on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup boosted their price target on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. DA Davidson lifted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.42.

Insider Transactions at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock worth $2,970,828 in the last three months. Company insiders own 0.85% of the company's stock.

Hasbro Stock Performance

Shares of Hasbro stock traded down $0.72 on Wednesday, reaching $79.03. 1,605,808 shares of the stock were exchanged, compared to its average volume of 1,549,268. 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 $11.08 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.05 and a beta of 0.59. The business has a 50 day moving average price of $77.74 and a two-hundred day moving average price of $67.71. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

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

Hasbro Announces Dividend

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

Hasbro 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.