Hasbro, Inc. $HAS Stock Position Lifted by New Hampshire Trust

New Hampshire Trust grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,164 shares of the company’s stock after buying an additional 257 shares during the quarter. New Hampshire Trust’s holdings in Hasbro were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Hasbro by 66.2% during the 2nd quarter. Brighton Jones LLC now owns 9,361 shares of the company’s stock worth $691,000 after buying an additional 3,727 shares during the last quarter. Leavell Investment Management Inc. bought a new position in Hasbro during the 2nd quarter worth approximately $257,000. Focus Partners Advisor Solutions LLC bought a new position in Hasbro during the 2nd quarter worth approximately $807,000. Sage Mountain Advisors LLC bought a new position in Hasbro during the 2nd quarter worth approximately $387,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Hasbro by 94.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,445 shares of the company’s stock worth $771,000 after buying an additional 5,075 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HAS has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Saturday. Zacks Research downgraded Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Bank of America raised their price target on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, DA Davidson raised their price target on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.18.

Hasbro Trading Down 1.6%

Shares of HAS stock opened at $76.70 on Friday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.32 and a current ratio of 1.70. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19. The stock has a fifty day moving average of $77.01 and a two-hundred day moving average of $71.40. The firm has a market capitalization of $10.76 billion, a PE ratio of -19.13, a price-to-earnings-growth ratio of 0.99 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 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 3.7%. The ex-dividend date is Wednesday, November 19th. Hasbro’s payout ratio is -69.83%.

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.