Hasbro, Inc. $HAS Holdings Decreased by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,218 shares of the company’s stock after selling 762 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Hasbro were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Hasbro by 53.3% in the second quarter. Envestnet Asset Management Inc. now owns 682,091 shares of the company’s stock valued at $50,352,000 after purchasing an additional 237,185 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Hasbro by 86.7% in the second quarter. Nisa Investment Advisors LLC now owns 20,511 shares of the company’s stock valued at $1,514,000 after purchasing an additional 9,522 shares in the last quarter. New Hampshire Trust grew its stake in Hasbro by 5.2% in the second quarter. New Hampshire Trust now owns 5,164 shares of the company’s stock valued at $381,000 after purchasing an additional 257 shares in the last quarter. Brighton Jones LLC grew its stake in Hasbro by 66.2% in the second quarter. Brighton Jones LLC now owns 9,361 shares of the company’s stock valued at $691,000 after purchasing an additional 3,727 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new position in Hasbro in the second quarter valued at about $257,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 1.8%

Hasbro stock opened at $78.09 on Tuesday. The business has a 50 day moving average price of $76.94 and a two-hundred day moving average price of $71.68. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of -19.47, a price-to-earnings-growth ratio of 0.98 and a beta of 0.60. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19.

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

Hasbro Announces Dividend

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

Analysts Set New Price Targets

HAS has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research note on Friday. Bank of America raised their price objective on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Finally, Citigroup raised their price objective on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research note on Friday. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $89.18.

Insider Buying and Selling at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the transaction, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

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.