Sage Mountain Advisors LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,246 shares of the company's stock, valued at approximately $387,000.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter valued at about $317,000. GAMMA Investing LLC raised its stake in Hasbro by 13.4% in the 1st quarter. GAMMA Investing LLC now owns 3,534 shares of the company's stock worth $217,000 after purchasing an additional 417 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Hasbro by 60.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock valued at $1,021,000 after purchasing an additional 6,225 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Hasbro by 15.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,310 shares of the company's stock worth $1,618,000 after purchasing an additional 3,587 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Hasbro by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock worth $785,000 after purchasing an additional 931 shares during the period. Institutional investors own 91.83% of the company's stock.
Insiders Place Their Bets
In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the company'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 value of $696,882.08. Following the completion of the transaction, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 in the last ninety days. 0.85% of the stock is currently owned by insiders.
Hasbro Stock Performance
Shares of Hasbro stock opened at $76.70 on Friday. The company's 50 day moving average price is $77.01 and its two-hundred day moving average price is $71.40. The firm has a market capitalization of $10.76 billion, a P/E ratio of -19.13, a P/E/G ratio of 0.99 and a beta of 0.60. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $82.19. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.32.
Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the company earned $1.73 EPS. Hasbro's revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.7%. Hasbro's dividend payout ratio (DPR) is currently -69.83%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on HAS shares. Zacks Research cut Hasbro from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 10th. UBS Group increased their target price on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Hasbro in a research note on Saturday. Bank of America increased their price objective on shares of Hasbro from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Finally, Monness Crespi & Hardt boosted their target price on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.18.
Read Our Latest Stock Analysis on Hasbro
Hasbro Profile
(
Free Report)
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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