Lecap Asset Management Ltd. Has $2.16 Million Stock Holdings in Hasbro, Inc. $HAS

Lecap Asset Management Ltd. cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 43.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,261 shares of the company’s stock after selling 22,408 shares during the quarter. Hasbro comprises 0.8% of Lecap Asset Management Ltd.’s holdings, making the stock its 23rd biggest position. Lecap Asset Management Ltd.’s holdings in Hasbro were worth $2,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. Teacher Retirement System of Texas boosted its position in Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after acquiring an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after acquiring an additional 2,866 shares during the last quarter. Jump Financial LLC boosted its position in Hasbro by 129.5% during the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after acquiring an additional 6,219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after acquiring an additional 6,225 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock worth $785,000 after acquiring an additional 931 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction 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 approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,359 shares of company stock worth $2,970,828. Company insiders own 0.85% of the company’s stock.

Hasbro Trading Down 0.7%

NASDAQ HAS opened at $75.31 on Thursday. The company has a market cap of $10.56 billion, a PE ratio of -18.55, a PEG ratio of 0.98 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The stock has a 50 day moving average of $77.84 and a 200-day moving average of $69.44.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the prior year, the business earned $1.22 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro’s dividend payout ratio is -68.97%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HAS shares. Morgan Stanley upped their price target on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Citigroup upped their price target on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Bank of America upped their price target on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Roth Capital increased their price objective on Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.64.

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.