2,848 Shares in Hasbro, Inc. $HAS Acquired by Abel Hall LLC

Abel Hall LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,848 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KLP Kapitalforvaltning AS grew its position in Hasbro by 7.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 27,500 shares of the company’s stock worth $2,030,000 after acquiring an additional 1,900 shares during the last quarter. SteelPeak Wealth LLC bought a new position in Hasbro during the 2nd quarter worth approximately $2,822,000. QRG Capital Management Inc. bought a new position in Hasbro during the 2nd quarter worth approximately $360,000. Truist Financial Corp grew its position in Hasbro by 35.0% during the 2nd quarter. Truist Financial Corp now owns 42,126 shares of the company’s stock worth $3,110,000 after acquiring an additional 10,931 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Hasbro by 10.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,060 shares of the company’s stock worth $2,145,000 after acquiring an additional 2,750 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Morgan Stanley increased their price objective on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Citigroup increased their price objective on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Roth Capital increased their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $87.64.

Hasbro Trading Up 1.0%

NASDAQ HAS opened at $75.57 on Thursday. The stock has a market cap of $10.60 billion, a P/E ratio of -18.61, a price-to-earnings-growth ratio of 0.97 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The stock has a 50 day simple moving average of $77.80 and a two-hundred day simple moving average of $69.96. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $82.19.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to analysts’ expectations of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. On average, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro’s dividend payout ratio (DPR) is presently -68.97%.

Insider Activity

In other news, insider Timothy J. Kilpin sold 8,557 shares of the firm’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 owned 44,301 shares in the company, valued at $3,607,873.44. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of the firm’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 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 position. 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.

Hasbro Company 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.