Hasbro, Inc. $HAS Shares Sold by Sciencast Management LP

Key Points

• Sciencast Management LP reduced its stake in Hasbro by 42.9% during the first quarter, leaving them with 5,537 shares valued at $340,000.
• Hasbro's recent quarterly earnings saw an EPS of $1.30, exceeding analysts' expectations, with a revenue of $980.80 million, despite a 1.5% year-over-year decline.
• The company declared a quarterly dividend of $0.70, representing a 3.5% dividend yield, paid to shareholders as of August 20th.

Sciencast Management LP lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,537 shares of the company's stock after selling 4,163 shares during the period. Sciencast Management LP's holdings in Hasbro were worth $340,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HAS. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after acquiring an additional 186 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after acquiring an additional 205 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Hasbro by 0.9% in the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company's stock valued at $1,708,000 after acquiring an additional 247 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares during the last quarter. Finally, Dakota Community Bank & Trust NA increased its holdings in shares of Hasbro by 14.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,316 shares of the company's stock valued at $142,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the transaction, the insider owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have 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 insiders.

Hasbro Trading Down 2.0%

Shares of HAS traded down $1.57 on Friday, hitting $78.38. 1,147,541 shares of the stock traded hands, compared to its average volume of 1,988,948. 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 firm 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 stock's 50 day moving average is $78.21 and its two-hundred day moving average is $68.32. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.6%. Hasbro's dividend payout ratio (DPR) is -68.97%.

Analysts Set New Price Targets

HAS has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group boosted their price objective on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Roth Capital boosted their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, Citigroup lifted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $86.42.

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.