Dean Capital Management Increases Position in Hasbro, Inc. $HAS

Key Points

• Dean Capital Management has increased its position in Hasbro, Inc. by 37.5%, acquiring an additional 5,683 shares to hold a total of 20,826 shares valued at approximately $1.28 million.
• A number of institutional investors, including Baird Financial Group and Deutsche Bank AG, have also significantly increased their stakes in Hasbro during the fourth quarter, indicating strong institutional interest.
• Research analysts have upgraded Hasbro's stock rating, with target prices from several firms like Bank of America and JPMorgan raising their estimates between $90.00 to $94.00, reflecting a consensus rating of "Moderate Buy".

Dean Capital Management increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 37.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,826 shares of the company's stock after buying an additional 5,683 shares during the quarter. Dean Capital Management's holdings in Hasbro were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Brighton Jones LLC purchased a new position in Hasbro during the 4th quarter worth $317,000. Baird Financial Group Inc. grew its stake in Hasbro by 96.1% during the 4th quarter. Baird Financial Group Inc. now owns 4,071 shares of the company's stock worth $228,000 after buying an additional 1,995 shares during the last quarter. Cetera Investment Advisers grew its stake in Hasbro by 2.2% during the 4th quarter. Cetera Investment Advisers now owns 52,380 shares of the company's stock worth $2,929,000 after buying an additional 1,129 shares during the last quarter. Deutsche Bank AG grew its stake in Hasbro by 27.6% during the 4th quarter. Deutsche Bank AG now owns 1,119,094 shares of the company's stock worth $62,569,000 after buying an additional 242,201 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in Hasbro by 88.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 87,585 shares of the company's stock worth $4,897,000 after buying an additional 41,119 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HAS shares. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Monness Crespi & Hardt boosted their target price on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Roth Capital boosted their price target on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Citigroup boosted their price target on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $86.42.

Hasbro Stock Down 0.9%

Hasbro stock opened at $78.64 on Wednesday. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The business's 50-day simple moving average is $78.17 and its two-hundred day simple moving average is $68.16. The company has a market cap of $11.03 billion, a PE ratio of -19.37, a PEG ratio of 1.03 and a beta of 0.59. 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 posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. Equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro's payout ratio is -68.97%.

Insider Activity

In other news, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction dated 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 owned 51,301 shares of the company's stock, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the transaction, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 in the last quarter. 0.85% of the stock is currently owned by company insiders.

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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