Quantbot Technologies LP acquired a new stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 20,256 shares of the company’s stock, valued at approximately $1,673,000.
Several other hedge funds have also recently added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new position in Hasbro during the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro during the 1st quarter worth approximately $37,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.
Hasbro Stock Performance
Shares of NASDAQ:HAS opened at $95.41 on Tuesday. The business has a 50-day moving average of $87.33 and a two-hundred day moving average of $91.23. The firm has a market capitalization of $13.46 billion, a PE ratio of 17.16, a P/E/G ratio of 1.71 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98.
Hasbro Dividend Announcement
The firm 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 dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s payout ratio is 50.36%.
Insider Buying and Selling at Hasbro
In other news, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the transaction, the director owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Gina M. Goetter sold 8,265 shares of Hasbro stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the transaction, the chief financial officer owned 79,839 shares in the company, valued at $7,501,672.44. The trade was a 9.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,415 shares of company stock valued at $4,260,164 in the last ninety days. Corporate insiders own 0.71% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on HAS. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Jefferies Financial Group dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Bank of America reduced their price objective on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $109.43.
View Our Latest Report on Hasbro
Hasbro Profile
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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