Tectonic Advisors LLC Has $10.60 Million Stock Position in Hasbro, Inc. $HAS

Key Points

• Tectonic Advisors LLC increased its position in Hasbro, Inc. by 10.9%, owning approximately $10.60 million worth of shares after acquiring an additional 14,164 shares in Q2.
• Research analysts have recently upgraded Hasbro's stock ratings, with Goldman Sachs raising its target from $66.00 to $85.00 and Citigroup from $79.00 to $91.00.
• Hasbro announced a quarterly dividend of $0.70 per share, representing a 3.7% yield, with a payout ratio currently at -68.97%.

Tectonic Advisors LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 143,593 shares of the company's stock after buying an additional 14,164 shares during the quarter. Tectonic Advisors LLC owned about 0.10% of Hasbro worth $10,600,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in HAS. 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 worth $29,000 after buying an additional 269 shares during the period. Allworth Financial LP raised its stake in Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after buying an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after buying an additional 186 shares during the period. Blue Trust Inc. raised its stake in Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock worth $70,000 after buying an additional 855 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its stake in Hasbro by 58.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company's stock worth $74,000 after buying an additional 452 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Timothy J. Kilpin sold 8,557 shares of the company'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 transaction, the insider directly owned 44,301 shares of the company's stock, valued at $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 51,301 shares of the company's stock, valued at approximately $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 valued at $2,970,828 over the last three months. Corporate insiders own 0.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Morgan Stanley increased 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. UBS Group increased 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. DA Davidson increased 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. Finally, Citigroup increased their price objective on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.64.

Hasbro Stock Performance

HAS stock opened at $75.57 on Thursday. The firm has a market cap of $10.60 billion, a PE ratio of -18.61, a P/E/G ratio of 0.97 and a beta of 0.60. 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 business has a 50 day moving average of $77.80 and a 200-day moving average of $69.96. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results 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. The company had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.Hasbro's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Hasbro's dividend payout ratio is currently -68.97%.

Hasbro 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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