R Squared Ltd Purchases New Position in Hasbro, Inc. $HAS

R Squared Ltd acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,515 shares of the company’s stock, valued at approximately $646,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC lifted its position in shares of Hasbro by 2.5% during the third quarter. Choreo LLC now owns 21,352 shares of the company’s stock worth $1,620,000 after acquiring an additional 521 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Hasbro by 4.7% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 147,088 shares of the company’s stock worth $11,157,000 after purchasing an additional 6,623 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Hasbro during the 3rd quarter worth about $2,353,000. US Bancorp DE boosted its stake in Hasbro by 8.0% in the 3rd quarter. US Bancorp DE now owns 27,426 shares of the company’s stock worth $2,080,000 after purchasing an additional 2,021 shares during the period. Finally, Fox Run Management L.L.C. grew its holdings in Hasbro by 381.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 28,331 shares of the company’s stock valued at $2,149,000 after buying an additional 22,450 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wolfe Research increased their price target on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Roth Mkm set a $120.00 target price on shares of Hasbro in a research note on Wednesday, February 11th. Monness Crespi & Hardt raised their price target on shares of Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Morgan Stanley upped their price target on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. increased their price objective on Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $114.08.

Hasbro Stock Performance

Hasbro stock opened at $100.36 on Friday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The stock has a market cap of $14.08 billion, a P/E ratio of -42.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56. The firm’s fifty day moving average price is $90.97 and its 200-day moving average price is $82.61.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.During the same period in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 2.8%. Hasbro’s dividend payout ratio (DPR) is -119.15%.

Insider Buying and Selling at Hasbro

In other news, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the transaction, the executive vice president directly owned 50,174 shares of the company’s stock, valued at approximately $5,267,266.52. This trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christian P. Cocks sold 181,581 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $103.86, for a total transaction of $18,859,002.66. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at $25,950,563.46. This represents a 42.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 216,931 shares of company stock valued at $22,535,763. Corporate insiders own 0.85% of the company’s stock.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.