52,059 Shares in Hasbro, Inc. $HAS Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, HoldingsChannel reports. The fund acquired 52,059 shares of the company’s stock, valued at approximately $4,300,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in Hasbro by 734.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock valued at $2,770,000 after buying an additional 29,735 shares during the last quarter. Capital Research Global Investors raised its position in shares of Hasbro by 5.3% during the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after acquiring an additional 162,354 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Hasbro by 24.5% during the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock worth $14,683,000 after acquiring an additional 30,825 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Hasbro during the fourth quarter valued at $317,000. Finally, Procyon Advisors LLC acquired a new position in shares of Hasbro during the first quarter valued at $2,127,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Hasbro’s Magic: The Gathering business is showing strong momentum, with Marvel-related releases supporting record growth. The upcoming Hobbit-themed products could provide another catalyst for Wizards of the Coast and help extend growth. Hasbro Magic Business Is Booming: Can Marvel and Hobbit Extend Growth?
• Positive Sentiment: Analysts remain broadly optimistic about Hasbro’s growth prospects, and the company’s shares have outpaced the broader market this year. This supports the favorable investor sentiment surrounding the stock. Hasbro Stock: Analyst Estimates & Ratings
• Positive Sentiment: Hasbro’s latest results exceeded expectations, with quarterly earnings and revenue beating consensus estimates and revenue increasing 16.2% year over year. The earnings beat remains a key reason the stock has increased since the report. Why Is Hasbro Up Since Last Earnings Report?
• Positive Sentiment: Hasbro is expanding its X-Men ’97 Marvel Legends collection with a new Beast figure. The release adds support to Hasbro’s licensed-product pipeline, though its direct financial impact is likely limited. Beast Joins Hasbro’s X-Men ’97 Marvel Legends Series Collection

Analysts Set New Price Targets

HAS has been the subject of a number of research reports. Argus lifted their price objective on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Jefferies Financial Group dropped their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Finally, Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average price target of $109.43.

Insider Buying and Selling

In other news, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director directly owned 9,896 shares of the company’s stock, valued at $918,744.64. This represents a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares in the company, valued at $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 45,415 shares of company stock valued at $4,260,164 over the last 90 days. 0.71% of the stock is owned by corporate insiders.

Hasbro Stock Up 0.2%

NASDAQ:HAS opened at $93.56 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The stock’s fifty day simple moving average is $86.93 and its 200-day simple moving average is $91.23. The firm has a market capitalization of $13.20 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.71 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Equities research analysts expect that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.

Hasbro Profile

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.