Sciencast Management LP Cuts Stock Position in Hasbro, Inc. $HAS

Sciencast Management LP lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 42.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,537 shares of the company’s stock after selling 4,163 shares during the quarter. Sciencast Management LP’s holdings in Hasbro were worth $340,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Atlantic Edge Private Wealth Management LLC increased its position in shares of Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after buying an additional 186 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $91,000 after buying an additional 205 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Hasbro by 0.9% in the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company’s stock valued at $1,708,000 after purchasing an additional 247 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after purchasing an additional 269 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Hasbro by 14.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,316 shares of the company’s stock valued at $142,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares of the company’s stock, valued at $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 over the last three months. Company insiders own 0.85% of the company’s stock.

Hasbro Stock Down 0.5%

HAS opened at $79.36 on Tuesday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The stock’s fifty day moving average is $78.14 and its 200-day moving average is $68.09. The company has a market capitalization of $11.13 billion, a PE ratio of -19.55, a P/E/G ratio of 1.03 and a beta of 0.59.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the previous year, the business earned $1.22 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised their target price on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Roth Capital lifted their target price on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group upgraded Hasbro from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $86.42.

Hasbro Profile

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.