Cookson Peirce & Co. Inc. Has $9.49 Million Stock Holdings in Hasbro, Inc. $HAS

Cookson Peirce & Co. Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 648.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,885 shares of the company’s stock after buying an additional 99,537 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.08% of Hasbro worth $9,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAS. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the second quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Hasbro in the fourth quarter valued at about $27,000. MUFG Securities EMEA plc bought a new position in Hasbro in the second quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Hasbro during the first quarter valued at about $37,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HAS. UBS Group reissued a “buy” rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Jefferies Financial Group decreased their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Argus upped their price target on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

Hasbro Trading Up 0.1%

HAS opened at $94.23 on Friday. The company has a fifty day moving average price of $88.20 and a two-hundred day moving average price of $91.26. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The company has a market cap of $13.29 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last issued its earnings results 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 6.18 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders 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 dividend yield of 3.0%. Hasbro’s payout ratio is currently 50.36%.

Insider Transactions at Hasbro

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the transaction, the director directly owned 9,896 shares of the company’s stock, valued at approximately $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gina M. Goetter sold 11,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares of the company’s stock, valued at $8,408,645.76. This represents a 11.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,415 shares of company stock valued at $4,260,164 over the last ninety days. Company insiders own 0.71% of the company’s stock.

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.