Hasbro, Inc. $HAS Shares Sold by Entrust Global Partners L L C

Key Points

• Entrust Global Partners L L C reduced its stake in Hasbro, Inc. by 2.2%, now holding approximately 791,076 shares worth about $48.6 million, making it the second largest position in their portfolio.
• Several institutions, including Mirae Asset Global Investments and Wealth Enhancement Advisory Services, significantly increased their holdings in Hasbro during the first quarter, reflecting strong institutional interest in the company.
• Analysts have generally positive outlooks on Hasbro, with 11 analysts giving a "Buy" rating and an average price target increased to $86.42, indicating confidence in the company's future performance.

Entrust Global Partners L L C lowered its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,076 shares of the company's stock after selling 17,778 shares during the quarter. Hasbro makes up 9.9% of Entrust Global Partners L L C's investment portfolio, making the stock its 2nd largest holding. Entrust Global Partners L L C owned about 0.56% of Hasbro worth $48,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new position in Hasbro in the 1st quarter worth about $28,000. SBI Securities Co. Ltd. increased its stake in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after purchasing an additional 269 shares in the last quarter. Allworth Financial LP increased its stake in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after purchasing an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Hasbro by 299.0% in the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock worth $70,000 after purchasing an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Insider Buying and Selling

In related news, insider Timothy J. Kilpin sold 8,557 shares of the business'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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 sale, the insider owned 51,301 shares of the company's stock, valued at approximately $4,094,332.81. This trade represents a 1.92% 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 insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America lifted their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Monness Crespi & Hardt lifted 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. UBS Group lifted their target price on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their target price on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, DA Davidson lifted their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Hasbro presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.42.

Hasbro Stock Down 2.0%

Shares of NASDAQ HAS traded down $1.57 during trading hours on Friday, hitting $78.38. The stock had a trading volume of 1,147,541 shares, compared to its average volume of 1,988,948. The company has a market capitalization of $10.99 billion, a P/E ratio of -19.31, a P/E/G ratio of 1.00 and a beta of 0.59. The firm's 50-day moving average price is $78.23 and its two-hundred day moving average price is $68.39. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $82.19. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66.

Hasbro (NASDAQ:HAS - Get Free Report) last announced 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 business 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 firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. Analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

About Hasbro

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.