R Squared Ltd Acquires Shares of 8,515 Hasbro, Inc. $HAS

R Squared Ltd acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,515 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after acquiring an additional 1,677,962 shares in the last quarter. Norges Bank purchased a new stake in shares of Hasbro in the second quarter worth approximately $123,710,000. AQR Capital Management LLC raised its stake in shares of Hasbro by 95.7% in the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after purchasing an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP bought a new position in shares of Hasbro in the second quarter valued at approximately $77,471,000. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Hasbro during the third quarter valued at approximately $30,608,000. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HAS shares. Morgan Stanley increased their price target on Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. DA Davidson increased their target price on shares of Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. BNP Paribas Exane initiated coverage on shares of Hasbro in a research report on Wednesday. They issued an “outperform” rating and a $118.00 price objective for the company. Finally, Wolfe Research increased their price objective on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $114.08.

Hasbro Price Performance

HAS opened at $100.36 on Friday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $106.98. The firm has a 50-day moving average of $90.97 and a 200 day moving average of $82.61. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The firm has a market cap of $14.08 billion, a P/E ratio of -42.71, a PEG ratio of 1.73 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The company’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. On average, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, February 18th. Hasbro’s payout ratio is -119.15%.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the transaction, the insider owned 36,528 shares of the company’s stock, valued at $3,762,384. This represents a 17.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christian P. Cocks sold 181,581 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.86, for a total value of $18,859,002.66. Following the transaction, the chief executive officer owned 249,861 shares of the company’s stock, valued at $25,950,563.46. The trade was a 42.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 216,931 shares of company stock worth $22,535,763 in the last ninety days. Company insiders own 0.85% of the company’s stock.

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.