Landscape Capital Management L.L.C. Invests $1.75 Million in Hasbro, Inc. $HAS

Landscape Capital Management L.L.C. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, HoldingsChannel.com reports. The firm purchased 21,132 shares of the company’s stock, valued at approximately $1,745,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Hasbro during the 2nd quarter worth about $2,204,689,000. Vanguard Group Inc. increased its position in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after purchasing an additional 453,038 shares in the last quarter. State Street Corp raised its holdings in Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after buying an additional 131,678 shares during the period. AQR Capital Management LLC raised its holdings in Hasbro by 47.3% in the fourth quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after buying an additional 1,399,499 shares during the period. Finally, Geode Capital Management LLC lifted its position in Hasbro by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after buying an additional 122,592 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. 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. Bank of America reduced their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.43.

Insider Activity

In related news, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This trade represents a 26.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Hasbro stock in a transaction on 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 in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 45,415 shares of company stock valued at $4,260,164 in the last 90 days. Company insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $93.54 on Friday. The firm has a market capitalization of $13.19 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The stock’s 50 day moving average price is $87.12 and its 200 day moving average price is $91.24. 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 (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

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.