Trexquant Investment LP Takes Position in Hasbro, Inc. $HAS

Key Points

• Trexquant Investment LP has made a new investment of approximately $302,000 in Hasbro, Inc., acquiring 4,914 shares during the first quarter.
• Several institutional investors, including Nuveen LLC and Deutsche Bank AG, have also significantly increased their stakes in Hasbro, reflecting growing interest in the company.
• Research analysts forecast a positive outlook for Hasbro, with multiple firms raising their price targets and maintaining a consensus rating of "Moderate Buy."

Trexquant Investment LP bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,914 shares of the company's stock, valued at approximately $302,000.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Hasbro in the fourth quarter worth approximately $317,000. Baird Financial Group Inc. lifted its stake in Hasbro by 96.1% during the 4th quarter. Baird Financial Group Inc. now owns 4,071 shares of the company's stock valued at $228,000 after acquiring an additional 1,995 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Hasbro by 2.2% during the 4th quarter. Cetera Investment Advisers now owns 52,380 shares of the company's stock worth $2,929,000 after acquiring an additional 1,129 shares during the last quarter. Deutsche Bank AG boosted its holdings in Hasbro by 27.6% during the 4th quarter. Deutsche Bank AG now owns 1,119,094 shares of the company's stock worth $62,569,000 after acquiring an additional 242,201 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Hasbro by 88.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 87,585 shares of the company's stock worth $4,897,000 after acquiring an additional 41,119 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

HAS has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Monness Crespi & Hardt lifted their target price on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. DA Davidson lifted their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Citigroup lifted their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $86.42.

Hasbro Price Performance

NASDAQ:HAS traded down $1.57 during midday trading on Friday, hitting $78.38. The company had a trading volume of 1,147,541 shares, compared to its average volume of 1,275,588. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The stock's fifty day moving average price is $78.23 and its 200-day moving average price is $68.39. The company has a market capitalization of $10.99 billion, a PE ratio of -19.31, a P/E/G ratio of 1.03 and a beta of 0.59. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analyst estimates of $891.82 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company's revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given 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 payout ratio is currently -68.97%.

Insider Activity at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the company's stock in a transaction dated 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 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 37,359 shares of company stock worth $2,970,828 over the last 90 days. 0.85% of the stock is owned by company insiders.

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.