Pallas Capital Advisors LLC Takes $921,000 Position in Hasbro, Inc. $HAS

Pallas Capital Advisors LLC bought a new position in Hasbro, Inc. (NASDAQ:HASFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,155 shares of the company’s stock, valued at approximately $921,000.

A number of other large investors have also recently made changes to their positions in HAS. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro in the 4th quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro during the second quarter valued at approximately $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro during the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Hasbro in the first quarter worth approximately $37,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of HAS stock opened at $93.99 on Wednesday. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The stock has a fifty day simple moving average of $86.52 and a two-hundred day simple moving average of $91.18. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.77 and a beta of 0.47.

Hasbro (NASDAQ:HASGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. On average, analysts predict that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HAS. Roth Capital restated a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Argus increased their target price on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. BNP Paribas Exane decreased their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Finally, DA Davidson cut their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.07.

View Our Latest Stock Analysis on HAS

Insider Buying and Selling at Hasbro

In other news, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. This represents a 11.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,415 shares of company stock worth $4,260,164. Company insiders own 0.71% of the company’s stock.

Hasbro Company Profile

(Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

Further Reading

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.