Bull Harbor Capital LLC Takes Position in Hasbro, Inc. $HAS

Bull Harbor Capital LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 10,530 shares of the company’s stock, valued at approximately $986,000.

A number of other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro in the 2nd quarter worth approximately $28,000. Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the 1st quarter worth approximately $37,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Hasbro in the first quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of the firm’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 owned 54,229 shares in the company, valued at $5,049,804.48. This trade represents a 26.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 Hasbro stock in a transaction that occurred 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 sale, the chief financial officer directly owned 88,104 shares in the company, 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. 0.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, July 16th. Jefferies Financial Group dropped their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Roth Capital reissued a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company decreased their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Stock Down 1.2%

Shares of HAS stock opened at $95.17 on Thursday. The stock has a market cap of $13.47 billion, a P/E ratio of 17.12, a PEG ratio of 1.77 and a beta of 0.49. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. 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 company’s fifty day simple moving average is $84.27 and its two-hundred day simple moving average is $90.53.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business posted $1.30 earnings per share. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a yield of 2.9%. Hasbro’s dividend payout ratio is presently 50.36%.

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.