Hasbro, Inc. $HAS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 50.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,655 shares of the company’s stock after selling 7,743 shares during the period. SG Americas Securities LLC’s holdings in Hasbro were worth $565,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nuveen LLC purchased a new position in Hasbro in the 1st quarter valued at $30,347,000. Beck Bode LLC acquired a new stake in shares of Hasbro in the 2nd quarter worth $19,344,000. Envestnet Asset Management Inc. boosted its holdings in shares of Hasbro by 53.3% in the second quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock valued at $50,352,000 after acquiring an additional 237,185 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock worth $140,652,000 after acquiring an additional 227,477 shares during the period. Finally, Samlyn Capital LLC raised its holdings in Hasbro by 22.7% during the first quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock worth $58,454,000 after purchasing an additional 176,175 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 1.3%

Hasbro stock opened at $82.67 on Thursday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $83.40. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of -20.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. The stock’s fifty day moving average is $76.25 and its two-hundred day moving average is $74.85. 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 released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. Analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Hasbro’s dividend payout ratio is currently -69.83%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HAS. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Wolfe Research lifted their price target on Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Bank of America raised their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. The Goldman Sachs Group upped their price target on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.33.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is currently owned by company 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.