Vise Technologies Inc. Acquires 10,172 Shares of Hasbro, Inc. $HAS

Vise Technologies Inc. raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 19.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,231 shares of the company’s stock after purchasing an additional 10,172 shares during the quarter. Vise Technologies Inc.’s holdings in Hasbro were worth $5,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in Hasbro during the second quarter worth about $2,204,689,000. Bank of America Corp DE acquired a new stake in Hasbro in the second quarter worth about $289,258,000. Bank of New York Mellon Corp acquired a new stake in shares of Hasbro during the 2nd quarter worth approximately $130,731,000. Deutsche Bank AG bought a new stake in shares of Hasbro during the 2nd quarter valued at $89,467,000. Finally, Hsbc Holdings PLC bought a new stake in Hasbro in the second quarter valued at about $66,071,000. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In related news, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the sale, the director owned 9,896 shares in the company, valued at $918,744.64. The trade was a 16.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total value of $476,369.40. Following the sale, the insider owned 37,486 shares in the company, valued at approximately $3,531,181.20. This trade represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $118.36 on Tuesday. The company has a 50 day moving average of $96.87 and a 200-day moving average of $92.52. The company has a market cap of $16.69 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.54 and a beta of 0.45. Hasbro, Inc. has a 1-year low of $74.78 and a 1-year high of $121.04. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $1.04. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. As a group, equities research analysts forecast that Hasbro, Inc. will post 6.69 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.80 dividend on an annualized basis and a yield of 2.4%. Hasbro’s dividend payout ratio (DPR) is currently 41.85%.

Analyst Upgrades and Downgrades

HAS has been the topic of several analyst reports. Citigroup increased their target price on shares of Hasbro from $117.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson cut their price target on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings raised Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Finally, Jefferies Financial Group cut their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.93.

Hasbro Profile

Hasbro, Inc is a global branded entertainment company that develops and markets toys, games, entertainment experiences and consumer products. Its portfolio includes well-known brands such as Monopoly, Play-Doh, Transformers, Nerf, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through a range of channels, including retail, e-commerce, digital gaming, entertainment content and licensing. Hasbro also works with third-party partners to extend its brands into film and television, apparel, publishing and other consumer products.