World Investment Advisors Takes Position in Hasbro, Inc. $HAS

World Investment Advisors bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,041 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hasbro by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock valued at $1,012,374,000 after purchasing an additional 105,624 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. Northern Trust Corp increased its holdings in shares of Hasbro by 7.4% during the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock valued at $87,499,000 after purchasing an additional 98,425 shares in the last quarter. Deutsche Bank AG increased its holdings 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Hasbro by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock valued at $74,856,000 after purchasing an additional 27,547 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.2%

Shares of HAS opened at $75.98 on Wednesday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The firm’s fifty day moving average is $76.48 and its two-hundred day moving average is $72.85. The stock has a market cap of $10.65 billion, a PE ratio of -18.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company posted $1.73 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. Hasbro’s dividend payout ratio is currently -69.83%.

Insider Activity at Hasbro

In related news, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This represents a 16.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. DA Davidson upped their price objective on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Roth Capital set a $96.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research report on Friday, October 24th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $89.25.

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.