Hasbro, Inc. $HAS Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa has reduced its stake in Hasbro, Inc. by 19.1%, holding 119,562 shares worth approximately $8.83 million after selling 28,197 shares in the second quarter.
• Analysts have upgraded Hasbro's stock with multiple firms increasing their price targets, the highest being $92.00 from Roth Capital, indicating a strong “buy” sentiment.
• Hasbro has a current dividend yield of 3.7% and has recently paid a quarterly dividend of $0.70 per share, with a negative payout ratio of -68.97%.

Lbp Am Sa reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 19.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,562 shares of the company's stock after selling 28,197 shares during the period. Lbp Am Sa owned 0.09% of Hasbro worth $8,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Nuveen LLC acquired a new stake in shares of Hasbro during the first quarter valued at about $30,347,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hasbro during the first quarter valued at about $25,381,000. Dimensional Fund Advisors LP increased its position in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock valued at $140,652,000 after acquiring an additional 227,477 shares during the last quarter. Samlyn Capital LLC increased its position in shares of Hasbro by 22.7% during the first quarter. Samlyn Capital LLC now owns 950,630 shares of the company's stock valued at $58,454,000 after acquiring an additional 176,175 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Hasbro by 15.3% during the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock valued at $79,312,000 after acquiring an additional 170,749 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Monness Crespi & Hardt lifted their price target on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. UBS Group lifted their price target 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. Roth Capital raised their price objective on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.64.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 in the company, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business's 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 sale, the chief executive officer owned 249,861 shares of the company's stock, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by insiders.

Hasbro Stock Down 0.7%

Shares of NASDAQ:HAS opened at $75.31 on Thursday. The company has a market capitalization of $10.56 billion, a PE ratio of -18.55, a P/E/G ratio of 0.98 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The firm has a 50 day simple moving average of $77.84 and a 200-day simple moving average of $69.44.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. The business 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 company's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro's payout ratio is currently -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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