Leavell Investment Management Inc. Buys New Stake in Hasbro, Inc. $HAS

Leavell Investment Management Inc. bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,478 shares of the company’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. SBI Securities Co. Ltd. raised its position in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after purchasing an additional 269 shares during the period. Pittenger & Anderson Inc. purchased a new stake in Hasbro in the 2nd quarter worth about $35,000. IFP Advisors Inc raised its position in Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after purchasing an additional 543 shares during the period. Allworth Financial LP raised its position in 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 period. Finally, Atlantic Edge Private Wealth Management LLC raised its position in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after purchasing an additional 186 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. UBS Group raised their target price on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Citigroup raised their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $89.18.

Insider Buying and Selling

In related news, CEO Christian P. Cocks sold 27,800 shares of the business’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 transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Roberta K. Thomson sold 1,002 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider owned 51,301 shares in the company, valued at $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is owned by insiders.

Hasbro Stock Up 1.8%

HAS opened at $78.09 on Tuesday. The company has a fifty day moving average of $76.94 and a two-hundred day moving average of $71.68. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $82.19. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of -19.47, a PEG ratio of 0.98 and a beta of 0.60. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70.

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

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro’s payout ratio is presently -69.83%.

About Hasbro

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.