Strengthening Families & Communities LLC Has $189,000 Stock Position in Hasbro, Inc. $HAS

Strengthening Families & Communities LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 18.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,556 shares of the company’s stock after selling 569 shares during the period. Strengthening Families & Communities LLC’s holdings in Hasbro were worth $189,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Hasbro during the 1st quarter valued at $30,347,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hasbro during the first quarter valued at about $25,381,000. Dimensional Fund Advisors LP boosted its stake in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after purchasing an additional 227,477 shares in the last quarter. Samlyn Capital LLC boosted its stake in shares of Hasbro by 22.7% during the first quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock valued at $58,454,000 after purchasing an additional 176,175 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Hasbro by 15.3% during the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock valued at $79,312,000 after purchasing an additional 170,749 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In related news, 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is currently owned by company insiders.

Hasbro Stock Performance

Shares of HAS opened at $70.95 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The stock has a market capitalization of $9.95 billion, a P/E ratio of -17.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60. The firm’s fifty day simple moving average is $77.71 and its two-hundred day simple moving average is $70.12. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. The company had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 EPS. As a group, analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.9%. Hasbro’s payout ratio is -68.97%.

Analyst Ratings Changes

HAS has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Roth Capital lifted their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Morgan Stanley lifted their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Monness Crespi & Hardt lifted their price target on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hasbro in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $87.64.

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.