Samlyn Capital LLC Raises Holdings in Hasbro, Inc. $HAS

Key Points

• Samlyn Capital LLC increased its stake in Hasbro, Inc. by 22.7% in the first quarter, owning 950,630 shares valued at approximately $58.45 million.
• Hasbro reported earnings of $1.30 per share, surpassing the consensus expectation of $0.78, despite experiencing a 1.5% decrease in quarterly revenue year-over-year.
• Several analysts upgraded Hasbro's stock price targets, with forecasts reaching as high as $94.00, indicating a generally favorable outlook among a majority of analysts.

Samlyn Capital LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 950,630 shares of the company's stock after purchasing an additional 176,175 shares during the quarter. Samlyn Capital LLC owned about 0.68% of Hasbro worth $58,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in Hasbro during the 1st quarter valued at approximately $28,000. SBI Securities Co. Ltd. raised its stake in Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after purchasing an additional 269 shares during the period. 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 acquiring an additional 449 shares during 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 acquiring an additional 186 shares during 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 acquiring an additional 855 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Insider Activity at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the company's stock in a transaction on Thursday, August 21st. The stock was 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 represents a 10.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the company's stock in a transaction 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 $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock worth $2,970,828 in the last quarter. 0.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HAS shares. Morgan Stanley lifted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. DA Davidson lifted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Bank of America lifted their price objective on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. UBS Group lifted their price objective on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and a consensus target price of $86.42.

Hasbro Trading Down 0.9%

Shares of NASDAQ HAS traded down $0.72 during trading hours on Tuesday, hitting $78.64. 1,143,665 shares of the company traded hands, compared to its average volume of 1,433,299. The company's 50 day moving average price is $78.17 and its 200 day moving average price is $68.16. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of -19.37, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company had revenue of $980.80 million during the quarter, compared to analysts' expectations of $891.82 million. During the same quarter in the previous year, the business earned $1.22 EPS. Hasbro's revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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