Abel Hall LLC Takes Position in Hasbro, Inc. $HAS

Abel Hall LLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,848 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently made changes to their positions in HAS. Nuveen LLC purchased a new position in shares of Hasbro during the 1st quarter valued at $30,347,000. Valley Wealth Managers Inc. bought a new stake in shares of Hasbro during the 1st quarter valued at $25,381,000. Dimensional Fund Advisors LP raised its stake in shares of Hasbro by 11.0% during the 1st 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 during the period. Samlyn Capital LLC raised its stake in shares of Hasbro by 22.7% during the 1st 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 during the period. Finally, Deutsche Bank AG raised its stake in shares of Hasbro by 15.3% during the 1st 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 during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $75.57 on Thursday. The firm has a market capitalization of $10.60 billion, a P/E ratio of -18.61, a P/E/G ratio of 0.97 and a beta of 0.60. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The stock’s 50-day simple moving average is $77.80 and its two-hundred day simple moving average is $69.96. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

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

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Hasbro’s dividend payout ratio is -68.97%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HAS shares. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded Hasbro from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Bank of America boosted their price objective on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $87.64.

Insider Activity

In other news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the transaction, the insider owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by insiders.

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.