Lion Street Advisors LLC Cuts Stock Holdings in Hasbro, Inc. $HAS

Lion Street Advisors LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,406 shares of the company’s stock after selling 149 shares during the quarter. Lion Street Advisors LLC’s holdings in Hasbro were worth $325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in Hasbro by 3.9% in the first quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock valued at $1,754,000 after buying an additional 1,072 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hasbro by 20.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock valued at $1,036,000 after purchasing an additional 2,866 shares in the last quarter. Jump Financial LLC increased its stake in shares of Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock valued at $678,000 after purchasing an additional 6,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Hasbro by 60.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock valued at $1,021,000 after purchasing an additional 6,225 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Hasbro by 7.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock valued at $785,000 after purchasing an additional 931 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on HAS shares. UBS Group boosted their price objective on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Roth Capital boosted 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. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.64.

Insider Activity at Hasbro

In other news, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This represents a 10.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 44,301 shares of the company’s stock, 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. Over the last quarter, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by company insiders.

Hasbro Price Performance

HAS stock opened at $72.41 on Tuesday. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a 50 day simple moving average of $77.62 and a 200-day simple moving average of $70.32. The firm has a market capitalization of $10.15 billion, a PE ratio of -17.83, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.52. The company had revenue of $980.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS. Equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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

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.