Chicago Partners Investment Group LLC Makes New $275,000 Investment in Hasbro, Inc. $HAS

Chicago Partners Investment Group LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,577 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 269 shares during the last quarter. IFP Advisors Inc increased its stake in Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after acquiring an additional 543 shares during the last quarter. Allworth Financial LP increased its stake in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after acquiring an additional 449 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in Hasbro in the 2nd quarter worth about $82,000. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. 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 ninety days. 0.85% of the stock is owned by insiders.

Hasbro Price Performance

HAS opened at $76.70 on Friday. The stock’s 50 day simple moving average is $77.01 and its 200 day simple moving average is $71.26. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 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 firm has a market cap of $10.76 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 1.00 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $1.73 EPS. Hasbro’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HAS shares. The Goldman Sachs Group upped their target price on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday. Monness Crespi & Hardt increased their price objective on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a research report on Wednesday, October 8th. Finally, UBS Group increased their price objective on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.18.

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.