Savant Capital LLC Has $5.03 Million Stake in Hasbro, Inc. $HAS

Savant Capital LLC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 55.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,159 shares of the company’s stock after acquiring an additional 24,276 shares during the period. Savant Capital LLC’s holdings in Hasbro were worth $5,032,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HAS. SBI Securities Co. Ltd. raised its position in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after purchasing an additional 269 shares during the period. Pittenger & Anderson Inc. acquired a new position in Hasbro in the 2nd quarter valued at $35,000. IFP Advisors Inc raised its holdings 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 period. Allworth Financial LP lifted its position in Hasbro by 93.2% during 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. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Hasbro by 58.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock valued at $74,000 after acquiring an additional 452 shares during the period. Institutional investors own 91.83% of the company’s stock.

Insider Activity

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction dated 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 sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider owned 44,301 shares in the company, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 37,359 shares of company stock worth $2,970,828 over the last quarter. 0.85% of the stock is currently owned by company insiders.

Hasbro Stock Performance

NASDAQ:HAS opened at $76.57 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The firm has a market capitalization of $10.74 billion, a PE ratio of -19.09, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The firm has a 50-day moving average price of $76.19 and a 200 day moving average price of $73.22.

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

Hasbro Announces Dividend

The firm also recently declared 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 of this dividend 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 currently -69.83%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HAS. DA Davidson lifted their price objective on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Bank of America upped their price target on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Monness Crespi & Hardt raised their price objective on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Finally, UBS Group upped their target price on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.25.

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.