Hasbro, Inc. $HAS Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 102.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,498 shares of the company’s stock after acquiring an additional 34,623 shares during the period. NewEdge Advisors LLC’s holdings in Hasbro were worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. boosted its stake in Hasbro by 734.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after buying an additional 29,735 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Hasbro by 5.3% during the 4th quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock valued at $264,522,000 after acquiring an additional 162,354 shares during the last quarter. LBP AM SA lifted its holdings in shares of Hasbro by 10.7% during the 4th quarter. LBP AM SA now owns 135,839 shares of the company’s stock worth $11,139,000 after acquiring an additional 13,141 shares during the period. Brighton Jones LLC acquired a new stake in shares of Hasbro in the fourth quarter worth approximately $317,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Hasbro by 38.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 677,000 shares of the company’s stock worth $55,514,000 after acquiring an additional 189,426 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on HAS shares. Citigroup restated a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Bank of America lowered their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Jefferies Financial Group dropped their price target on Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, BNP Paribas Exane decreased their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Stock Performance

Shares of HAS opened at $94.49 on Tuesday. The firm 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 quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The business’s 50 day moving average is $85.12 and its two-hundred day moving average is $90.89. Hasbro, Inc. has a 52-week low of $69.50 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $1.30 EPS. Hasbro’s quarterly revenue was up 16.2% compared to the same quarter last year. Analysts forecast that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Announces Dividend

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

Insiders Place Their Bets

In other news, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the transaction, the chief financial officer directly owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. The trade was a 11.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 42,451 shares of company stock worth $3,987,379. Insiders own 0.71% of the company’s stock.

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.