Hasbro, Inc. $HAS Stock Position Lessened by Artemis Investment Management LLP

Artemis Investment Management LLP trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 739,849 shares of the company’s stock after selling 18,294 shares during the period. Artemis Investment Management LLP’s holdings in Hasbro were worth $64,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC raised its stake in Hasbro by 1,741.2% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 313 shares of the company’s stock valued at $27,000 after buying an additional 296 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Hasbro by 19.2% in the second quarter. Tidal Investments LLC now owns 27,197 shares of the company’s stock worth $2,246,000 after acquiring an additional 4,373 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Hasbro by 5.3% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,127 shares of the company’s stock worth $258,000 after acquiring an additional 156 shares during the period. Community Bank N.A. bought a new stake in shares of Hasbro in the second quarter worth $26,000. Finally, NewEdge Advisors LLC increased its position in Hasbro by 621.3% during the second quarter. NewEdge Advisors LLC now owns 494,060 shares of the company’s stock valued at $40,804,000 after acquiring an additional 425,562 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS traded up $1.45 during midday trading on Thursday, reaching $92.19. The company had a trading volume of 364,493 shares, compared to its average volume of 1,918,390. 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 business has a 50-day moving average of $91.91 and a two-hundred day moving average of $89.64. The company has a market cap of $13.00 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.57 and a beta of 0.45. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS) last posted 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. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS. As a group, equities research analysts predict that Hasbro, Inc. will post 6.16 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. Hasbro’s payout ratio is 50.36%.

Insider Activity at Hasbro

In related news, CFO Gina Goetter sold 11,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. This represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director directly owned 9,896 shares in the company, valued at approximately $918,744.64. This represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 50,472 shares of company stock worth $4,736,533 in the last 90 days. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Hasbro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Wall Street Zen cut shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.50.

Hasbro Profile

Hasbro, Inc is a global toy and games company that develops, licenses and markets branded entertainment products. Its portfolio includes toys, board games, trading cards, role-playing games and digital gaming experiences sold under brands such as Monopoly, Play-Doh, Nerf, Transformers, My Little Pony, Dungeons & Dragons and Magic: The Gathering.

The company serves consumers through retailers, e-commerce platforms and licensing partners in the United States and international markets.