Hasbro, Inc. $HAS Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 154,850 shares of the company’s stock after buying an additional 6,780 shares during the period. Tectonic Advisors LLC owned 0.11% of Hasbro worth $12,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HAS. Bank of America Corp DE boosted its stake in Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after buying an additional 1,677,962 shares during the last quarter. AQR Capital Management LLC boosted its stake in Hasbro by 95.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after buying an additional 1,105,004 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Hasbro in the 3rd quarter worth about $30,608,000. BNP Paribas Financial Markets boosted its stake in Hasbro by 178.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 522,446 shares of the company’s stock worth $39,628,000 after buying an additional 335,128 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Hasbro by 512.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 368,618 shares of the company’s stock worth $27,960,000 after buying an additional 308,405 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Argus set a $105.00 price target on Hasbro in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. BNP Paribas Exane reduced their price objective on Hasbro from $118.00 to $115.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. lifted their price objective on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.86.

Hasbro Stock Performance

NASDAQ HAS opened at $91.73 on Monday. The firm has a market capitalization of $12.91 billion, a P/E ratio of -39.03 and a beta of 0.55. Hasbro, Inc. has a 1-year low of $49.08 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The business’s 50-day simple moving average is $95.54 and its 200-day simple moving average is $85.78.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.52. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company’s revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 3.1%. Hasbro’s payout ratio is -119.15%.

Insider Buying and Selling

In related news, insider Timothy J. Kilpin sold 7,773 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the transaction, the insider directly owned 36,528 shares of the company’s stock, valued at approximately $3,762,384. The trade was a 17.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total value of $1,285,904.34. Following the transaction, the chief financial officer directly owned 68,221 shares in the company, valued at $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 413,342 shares of company stock valued at $42,241,679. Insiders own 0.85% of the company’s stock.

About Hasbro

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.