267,691 Shares in Hasbro, Inc. $HAS Purchased by Broad Bay Capital Management LP

Broad Bay Capital Management LP purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 267,691 shares of the company’s stock, valued at approximately $19,761,000. Hasbro makes up about 2.3% of Broad Bay Capital Management LP’s portfolio, making the stock its 15th largest holding. Broad Bay Capital Management LP owned approximately 0.19% of Hasbro at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pittenger & Anderson Inc. purchased a new stake in Hasbro in the second quarter valued at approximately $35,000. IFP Advisors Inc increased its holdings in shares of Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after buying an additional 543 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Hasbro by 187.5% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 690 shares of the company’s stock valued at $51,000 after buying an additional 450 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of Hasbro by 85.0% during the 2nd quarter. Rothschild Investment LLC now owns 740 shares of the company’s stock worth $55,000 after acquiring an additional 340 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in Hasbro by 58.8% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock worth $74,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $79.86 on Wednesday. The company has a market capitalization of $11.21 billion, a P/E ratio of -19.92, a PEG ratio of 1.58 and a beta of 0.55. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $83.45. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70. The stock has a 50 day moving average price of $77.43 and a two-hundred day moving average price of $75.88.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s dividend payout ratio is -69.83%.

Analyst Ratings Changes

HAS has been the subject of several research analyst reports. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Wolfe Research upped their target price on Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Citigroup lifted their price target on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.