Hennion & Walsh Asset Management Inc. Purchases 6,409 Shares of Hasbro, Inc. $HAS

Hennion & Walsh Asset Management Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 28.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,575 shares of the company’s stock after acquiring an additional 6,409 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Hasbro were worth $2,360,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HAS. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Hasbro in the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the 2nd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Hasbro by 1,190.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new stake in Hasbro in the 1st quarter valued at approximately $37,000. 91.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $776,579.40. Following the sale, the chief financial officer owned 79,839 shares of the company’s stock, valued at $7,501,672.44. The trade was a 9.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Hight sold 3,186 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares in the company, valued at $6,330,766.47. This trade represents a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,451 shares of company stock worth $3,987,379 over the last 90 days. Corporate insiders own 0.71% of the company’s stock.

Hasbro Trading Up 2.7%

Hasbro stock opened at $97.04 on Wednesday. The business has a 50 day moving average price of $85.38 and a two-hundred day moving average price of $90.96. 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 stock has a market cap of $13.69 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.74 and a beta of 0.47. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.Hasbro’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 EPS. As a group, equities analysts forecast that Hasbro, Inc. will post 6.13 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HAS. Bank of America dropped their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. DA Davidson lowered their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. BNP Paribas Exane cut their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company reduced their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.07.

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.