Quantbot Technologies LP Makes New Investment in Hasbro, Inc. $HAS

Quantbot Technologies LP bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,256 shares of the company’s stock, valued at approximately $1,673,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Hasbro in the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new position in shares of Hasbro in the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after purchasing an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Hasbro during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 2.0%

Shares of HAS stock opened at $95.41 on Tuesday. The business’s fifty day moving average price is $87.33 and its 200 day moving average price is $91.23. The firm has a market capitalization of $13.46 billion, a PE ratio of 17.16, a P/E/G ratio of 1.71 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Hasbro’s payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HAS. Wall Street Zen lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Bank of America cut their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group dropped their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.43.

Insider Activity at Hasbro

In other news, insider John Hight sold 3,186 shares of Hasbro stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director directly owned 9,896 shares in the company, valued at $918,744.64. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 45,415 shares of company stock worth $4,260,164 in the last ninety days. Corporate insiders own 0.71% of the company’s stock.

Hasbro Company 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.