Great Lakes Advisors LLC Takes Position in Hasbro, Inc. $HAS

Great Lakes Advisors LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 148,233 shares of the company’s stock, valued at approximately $12,243,000. Great Lakes Advisors LLC owned about 0.11% of Hasbro at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HAS. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro in the second quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro during the 4th quarter valued at approximately $27,000. MUFG Securities EMEA plc bought a new position in Hasbro during the 2nd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Hasbro by 1,190.0% during 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 last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Hasbro in the 1st quarter worth approximately $37,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAS. Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Argus increased their price target on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Wells Fargo & Company lowered their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane cut their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Trading Down 1.1%

Shares of Hasbro stock opened at $93.99 on Wednesday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The stock has a 50 day moving average price of $86.52 and a two-hundred day moving average price of $91.18. The stock has a market capitalization of $13.26 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.0%. Hasbro’s dividend payout ratio is presently 50.36%.

Insider Buying and Selling at Hasbro

In other news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares in the company, valued at $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the sale, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,415 shares of company stock valued at $4,260,164 over the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

Hasbro Company 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.