Hasbro, Inc. $HAS Stake Lessened by Seeds Investor LLC

Seeds Investor LLC decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,656 shares of the company’s stock after selling 881 shares during the quarter. Seeds Investor LLC’s holdings in Hasbro were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. DekaBank Deutsche Girozentrale increased its position in shares of Hasbro by 0.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock valued at $2,490,000 after purchasing an additional 167 shares during the period. RNC Capital Management LLC lifted its holdings in shares of Hasbro by 1.3% in the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock valued at $981,000 after buying an additional 170 shares during the period. State of Michigan Retirement System boosted its stake in Hasbro by 0.6% during the second quarter. State of Michigan Retirement System now owns 35,812 shares of the company’s stock valued at $2,644,000 after buying an additional 200 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in Hasbro by 18.3% during the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after acquiring an additional 202 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in Hasbro by 13.1% during the second quarter. TD Waterhouse Canada Inc. now owns 1,845 shares of the company’s stock worth $142,000 after acquiring an additional 214 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In related news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wolfe Research upped their price target on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Hasbro in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Citigroup raised their price objective on Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.33.

Hasbro Stock Up 0.4%

HAS stock opened at $76.76 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The firm has a market capitalization of $10.77 billion, a P/E ratio of -19.14, a P/E/G ratio of 0.98 and a beta of 0.61. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The company’s 50 day simple moving average is $75.85 and its 200-day simple moving average is $74.22.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $1.73 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Hasbro’s payout ratio is currently -69.83%.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.