PARK CIRCLE Co Invests $738,000 in Hasbro, Inc. $HAS

PARK CIRCLE Co acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, HoldingsChannel reports. The fund acquired 10,000 shares of the company’s stock, valued at approximately $738,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAS. SBI Securities Co. Ltd. boosted its stake in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after acquiring an additional 269 shares during the period. Allworth Financial LP lifted its holdings in shares of Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after purchasing an additional 449 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after purchasing an additional 186 shares during the period. Blue Trust Inc. boosted its position in Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock valued at $70,000 after purchasing an additional 855 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its stake in Hasbro by 58.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock worth $74,000 after buying an additional 452 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Ratings Changes

HAS has been the topic of a number of recent research reports. Bank of America raised their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, September 29th. DA Davidson lifted their price objective on shares of Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Monness Crespi & Hardt raised their price target on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Citigroup increased their price objective on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on Hasbro from $75.00 to $94.00 and gave the company an “overweight” 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.64.

Insider Buying and Selling

In other news, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock valued at $2,970,828 over the last three months. Company insiders own 0.85% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $75.57 on Thursday. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The firm has a market capitalization of $10.60 billion, a PE ratio of -18.61, a P/E/G ratio of 0.97 and a beta of 0.60. The company’s 50 day simple moving average is $77.80 and its 200 day simple moving average is $69.96. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32.

Hasbro (NASDAQ:HAS) last released 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. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Hasbro 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.