MBB Public Markets I LLC Takes Position in Hasbro, Inc. $HAS

MBB Public Markets I LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,467 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently modified their holdings of the business. Sentry Investment Management LLC acquired a new stake in Hasbro in the 1st quarter worth about $28,000. SBI Securities Co. Ltd. raised its holdings in shares of Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after acquiring an additional 269 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after acquiring an additional 449 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after acquiring an additional 186 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Hasbro by 299.0% in the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock valued at $70,000 after acquiring an additional 855 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on HAS shares. Citigroup increased their price objective on shares of Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Morgan Stanley raised their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Monness Crespi & Hardt raised their price target on shares of Hasbro from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Roth Capital raised their price target on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, DA Davidson raised their price target on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.42.

Insider Buying and Selling

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the completion of the transaction, the chief executive officer directly owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock valued at $2,970,828 over the last ninety days. Corporate insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $79.73 on Monday. The stock has a market cap of $11.18 billion, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The company has a fifty day simple moving average of $78.03 and a 200-day simple moving average of $68.01. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million during the quarter, compared to analysts’ expectations of $891.82 million. During the same period in the previous year, the company earned $1.22 earnings per share. Hasbro’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro’s dividend payout ratio is currently -68.97%.

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.