Sage Mountain Advisors LLC Invests $387,000 in Hasbro, Inc. $HAS

Sage Mountain Advisors LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,246 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HAS. Nuveen LLC acquired a new position in Hasbro in the first quarter valued at approximately $30,347,000. Valley Wealth Managers Inc. bought a new stake in shares of Hasbro in the 1st quarter valued at $25,381,000. Dimensional Fund Advisors LP lifted its position in shares of Hasbro by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after acquiring an additional 227,477 shares during the period. Samlyn Capital LLC lifted its position in shares of Hasbro by 22.7% during the 1st quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock valued at $58,454,000 after acquiring an additional 176,175 shares during the period. Finally, Deutsche Bank AG boosted its stake in Hasbro by 15.3% during the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock worth $79,312,000 after acquiring an additional 170,749 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insiders Place Their Bets

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were 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 in the company, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. 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 stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,359 shares of company stock valued at $2,970,828. Company insiders own 0.85% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $76.70 on Friday. The stock has a 50 day moving average of $77.01 and a 200 day moving average of $71.40. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of -19.13, a PEG ratio of 0.99 and a beta of 0.60. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a current ratio of 1.70, a quick ratio of 1.32 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company earned $1.73 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.7%. Hasbro’s payout ratio is currently -69.83%.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research note on Friday. Citigroup upped their target price on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday. Monness Crespi & Hardt lifted their price target on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Bank of America upped their price objective on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.18.

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.