Genus Capital Management Inc. Buys New Holdings in Hasbro, Inc. $HAS

Genus Capital Management Inc. bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,000 shares of the company’s stock, valued at approximately $2,436,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Hasbro by 0.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 175,134 shares of the company’s stock valued at $12,928,000 after acquiring an additional 637 shares in the last quarter. Burney Co. acquired a new stake in Hasbro in the second quarter valued at approximately $202,000. State of Michigan Retirement System raised its holdings in Hasbro by 0.6% in the second quarter. State of Michigan Retirement System now owns 35,812 shares of the company’s stock valued at $2,644,000 after acquiring an additional 200 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in Hasbro by 98.1% in the second quarter. iA Global Asset Management Inc. now owns 9,210 shares of the company’s stock valued at $680,000 after acquiring an additional 4,560 shares in the last quarter. Finally, Crown Advisors Management Inc. acquired a new stake in Hasbro in the second quarter valued at approximately $1,845,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS opened at $75.98 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The firm has a market cap of $10.65 billion, a PE ratio of -18.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.60. The company’s 50 day simple moving average is $76.48 and its 200-day simple moving average is $72.85. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19.

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

Hasbro Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on HAS shares. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. DA Davidson raised their price objective on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Morgan Stanley raised their price objective on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $89.25.

Insider Transactions at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction 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 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 filing with the SEC, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

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.