Hasbro, Inc. $HAS Stock: Vise Technologies Inc. Grows Position

Vise Technologies Inc. grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 19.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,231 shares of the company’s stock after buying an additional 10,172 shares during the period. Vise Technologies Inc.’s holdings in Hasbro were worth $5,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Hasbro in the second quarter worth $2,204,689,000. Bank of America Corp DE bought a new stake in shares of Hasbro in the second quarter worth $289,258,000. Amundi raised its stake in shares of Hasbro by 21.1% in the 1st quarter. Amundi now owns 1,699,565 shares of the company’s stock valued at $159,079,000 after purchasing an additional 296,277 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Hasbro during the second quarter valued at approximately $130,731,000. Finally, Epoch Investment Partners Inc. raised its position in shares of Hasbro by 1.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,174,077 shares of the company’s stock valued at $109,894,000 after acquiring an additional 12,182 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the company’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 transaction of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Holly Barbacovi sold 5,057 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the sale, the insider directly owned 37,486 shares of the company’s stock, valued at approximately $3,531,181.20. This represents a 11.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HAS. Weiss Ratings raised shares of Hasbro from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 15th. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group decreased their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. JPMorgan Chase & Co. lowered their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, Roth Capital restated a “buy” rating on shares of Hasbro in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $114.93.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $118.36 on Tuesday. Hasbro, Inc. has a 1 year low of $74.78 and a 1 year high of $121.04. The business has a fifty day simple moving average of $96.87 and a 200 day simple moving average of $92.52. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.79. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.54 and a beta of 0.45.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $1.04. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.48 billion. Hasbro had a return on equity of 140.60% and a net margin of 18.44%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 6.69 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, November 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.4%. Hasbro’s payout ratio is currently 41.85%.

Hasbro Company 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.