Hasbro, Inc. $HAS Shares Sold by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. cut its position in Hasbro, Inc. (NASDAQ:HAS) by 23.0% during the second quarter, HoldingsChannel.com reports. The fund owned 5,689 shares of the company’s stock after selling 1,697 shares during the period. Avantra Family Wealth Inc.’s holdings in Hasbro were worth $420,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HAS. Brighton Jones LLC acquired a new stake in shares of Hasbro in the fourth quarter worth approximately $317,000. Merit Financial Group LLC acquired a new stake in shares of Hasbro in the first quarter worth approximately $306,000. Park Avenue Securities LLC boosted its stake in shares of Hasbro by 8.8% in the first quarter. Park Avenue Securities LLC now owns 7,802 shares of the company’s stock worth $480,000 after acquiring an additional 630 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Hasbro by 16.2% in the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $91,000 after acquiring an additional 205 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in shares of Hasbro by 49.4% in the first quarter. Pallas Capital Advisors LLC now owns 5,997 shares of the company’s stock worth $369,000 after acquiring an additional 1,984 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction 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. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christian P. Cocks sold 27,800 shares of Hasbro 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 transaction, the chief executive officer directly owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HAS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hasbro in a research note on Saturday, September 27th. Bank of America upped their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Morgan Stanley upped their target price on Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their target price on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $87.64.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $74.78 on Tuesday. The stock’s 50-day moving average is $77.83 and its two-hundred day moving average is $69.88. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The company has a market cap of $10.49 billion, a price-to-earnings ratio of -18.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 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 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 business posted $1.22 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company 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 of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.7%. Hasbro’s payout ratio is currently -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.