Foster & Motley Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,263 shares of the company’s stock, valued at approximately $600,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. BlackRock Inc. purchased a new position in Hasbro during the second quarter valued at $2,204,689,000. Vanguard Group Inc. lifted its position in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after acquiring an additional 453,038 shares during the period. State Street Corp boosted its stake in Hasbro by 2.1% during the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares in the last quarter. AQR Capital Management LLC grew its holdings in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock worth $357,286,000 after purchasing an additional 1,399,499 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.
Hasbro Stock Down 0.7%
HAS opened at $93.33 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a market capitalization of $13.16 billion, a PE ratio of 16.79, a PEG ratio of 1.72 and a beta of 0.47. The firm’s 50 day simple moving average is $86.74 and its two-hundred day simple moving average is $91.20.
Hasbro Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.
Insider Activity
In other news, insider John Hight sold 3,186 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the sale, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This represents a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. BNP Paribas Exane dropped their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. DA Davidson reduced their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, UBS Group reiterated a “buy” rating and set a $120.00 price target on shares of Hasbro in a report on Monday, July 27th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.07.
Get Our Latest Stock Report on Hasbro
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.
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