14,764 Shares in Hasbro, Inc. $HAS Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,764 shares of the company’s stock, valued at approximately $1,219,000.

A number of other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro during the 2nd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Hasbro in the 4th quarter worth approximately $27,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro in the 2nd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock worth $32,000 after buying an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Hasbro in the first quarter worth approximately $37,000. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. UBS Group reiterated a “buy” rating and set a $120.00 price target on shares of Hasbro in a research note on Monday, July 27th. Roth Capital reissued a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane decreased their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.07.

Hasbro Price Performance

NASDAQ HAS opened at $95.05 on Tuesday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.77 and a beta of 0.47. The company’s 50 day moving average is $86.32 and its two-hundred day moving average is $91.15. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.30 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 6.15 earnings per share 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 paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. Hasbro’s payout ratio is 50.36%.

Insider Activity

In other Hasbro news, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director owned 9,896 shares in the company, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gina M. Goetter sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the sale, the chief financial officer directly owned 88,104 shares in the company, valued at approximately $8,408,645.76. This represents a 11.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,415 shares of company stock worth $4,260,164 in the last quarter. Corporate 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.