Great Lakes Advisors LLC Has $23.18 Million Position in Hasbro, Inc. $HAS

Key Points

• Great Lakes Advisors LLC increased its position in Hasbro, Inc. by 16.9%, owning 376,972 shares valued at approximately $23.18 million as of its latest SEC filing.
• CEO Christian P. Cocks sold 27,800 shares of Hasbro stock, reducing his ownership by 10.01% and generating nearly $2.19 million from the sale.
• Research analysts have generally upgraded Hasbro's stock with a consensus rating of "Moderate Buy" and an average price target of $86.42.

Great Lakes Advisors LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,972 shares of the company's stock after acquiring an additional 54,420 shares during the period. Great Lakes Advisors LLC owned approximately 0.27% of Hasbro worth $23,180,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HAS. Sentry Investment Management LLC bought a new stake in shares of Hasbro in the first quarter valued at about $28,000. SBI Securities Co. Ltd. increased its holdings in shares of Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after buying an additional 269 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after buying an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Hasbro by 299.0% in the first quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after purchasing an additional 855 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 44,301 shares of the company's stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the company from $66.00 to $85.00 in a report on Monday, June 30th. DA Davidson lifted their price target on shares of Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Citigroup boosted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. 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, Hasbro currently has a consensus rating of "Moderate Buy" and an average target price of $86.42.

Hasbro Stock Performance

NASDAQ HAS opened at $79.73 on Monday. 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 company has a market capitalization of $11.18 billion, a P/E ratio of -19.64, a P/E/G ratio of 1.03 and a beta of 0.59. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The firm has a 50-day moving average price of $78.03 and a two-hundred day moving average price of $68.01.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, August 20th. Hasbro's dividend payout ratio is -68.97%.

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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