Beck Bode LLC Invests $19.34 Million in Hasbro, Inc. $HAS

Beck Bode LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 262,039 shares of the company’s stock, valued at approximately $19,344,000. Hasbro comprises about 3.3% of Beck Bode LLC’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock worth $2,490,000 after purchasing an additional 167 shares in the last quarter. RNC Capital Management LLC raised its holdings in shares of Hasbro by 1.3% in the 2nd quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock valued at $981,000 after buying an additional 170 shares during the period. State of Michigan Retirement System lifted its stake in Hasbro by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 35,812 shares of the company’s stock worth $2,644,000 after acquiring an additional 200 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Hasbro by 18.3% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after acquiring an additional 202 shares in the last quarter. Finally, New Hampshire Trust boosted its holdings in Hasbro by 5.2% during the 2nd quarter. New Hampshire Trust now owns 5,164 shares of the company’s stock valued at $381,000 after acquiring an additional 257 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 0.4%

Shares of NASDAQ HAS opened at $78.43 on Wednesday. The business has a 50-day moving average of $76.11 and a two-hundred day moving average of $73.61. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of -19.56, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data 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. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. Hasbro’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders 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 3.6%. Hasbro’s payout ratio is presently -69.83%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HAS shares. Bank of America boosted their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup upped their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Seaport Res Ptn raised shares of Hasbro to a “strong-buy” rating in a research report on Monday. Finally, Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.25.

Insider Transactions at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The stock was 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 trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the business’s stock in a transaction on 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 directly owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,359 shares of company stock worth $2,970,828 over the last 90 days. 0.85% of the stock is currently owned by insiders.

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.