Cookson Peirce & Co. Inc. Increases Position in Hasbro, Inc. $HAS

Cookson Peirce & Co. Inc. lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 648.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,885 shares of the company’s stock after acquiring an additional 99,537 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Hasbro were worth $9,488,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro during the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC bought a new position in shares of Hasbro during the 2nd quarter valued at approximately $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro during the 2nd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Hasbro by 1,190.0% in the 2nd 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 period. Finally, Cedar Mountain Advisors LLC purchased a new position in Hasbro in the first quarter valued at approximately $37,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Up 0.1%

Shares of Hasbro stock opened at $94.23 on Friday. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a market cap of $13.29 billion, a PE ratio of 16.95, a PEG ratio of 1.72 and a beta of 0.47. The company has a 50 day simple moving average of $88.20 and a two-hundred day simple moving average of $91.26.

Hasbro (NASDAQ:HAS) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. Analysts expect that Hasbro, Inc. will post 6.18 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, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is presently 50.36%.

Insider Buying and Selling at Hasbro

In other news, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider John Hight sold 3,186 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HAS. Roth Capital reissued a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Wall Street Zen lowered Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Argus boosted their price objective on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Hasbro in a report on Monday, July 27th. Finally, Bank of America cut their target price 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. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

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.