Pacer Advisors Inc. Has $685,000 Holdings in Hasbro, Inc. $HAS

Pacer Advisors Inc. cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 90.4% during the 1st quarter, Holdings Channel reports. The firm owned 7,318 shares of the company’s stock after selling 68,945 shares during the period. Pacer Advisors Inc.’s holdings in Hasbro were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new position in Hasbro during the 2nd quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the 2nd quarter valued at $28,000. Cedar Mountain Advisors LLC acquired a new position in Hasbro in the 1st quarter valued at $37,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Hasbro during the 1st quarter valued at $39,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 8,265 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the sale, the chief financial officer owned 79,839 shares of the company’s stock, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Hight sold 3,186 shares of the company’s 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 transaction, the insider owned 67,557 shares of the company’s stock, valued at $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,451 shares of company stock worth $3,987,379 over the last quarter. Corporate insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. BNP Paribas Exane cut their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research report on Wednesday, July 15th. Argus increased their price objective on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $109.07.

Hasbro Stock Up 1.0%

Shares of NASDAQ HAS opened at $94.49 on Tuesday. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 16.99, a PEG 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, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The stock has a 50-day moving average price of $85.12 and a two-hundred day moving average price of $90.89.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The company had revenue of $1.14 billion for 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%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. As a group, analysts forecast that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.70 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

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.