Trexquant Investment LP Makes New $302,000 Investment in Hasbro, Inc. $HAS

Trexquant Investment LP bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,914 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors have also made changes to their positions in the business. Nuveen LLC bought a new position in Hasbro during the 1st quarter valued at about $30,347,000. Valley Wealth Managers Inc. acquired a new stake in shares of Hasbro during the 1st quarter worth approximately $25,381,000. Royal Bank of Canada grew its holdings in Hasbro by 67.7% during the fourth quarter. Royal Bank of Canada now owns 868,516 shares of the company’s stock valued at $48,560,000 after purchasing an additional 350,596 shares during the period. Deutsche Bank AG grew its holdings in Hasbro by 27.6% during the fourth quarter. Deutsche Bank AG now owns 1,119,094 shares of the company’s stock valued at $62,569,000 after purchasing an additional 242,201 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after buying an additional 227,477 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares of the company’s stock, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the transaction, the insider directly owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,359 shares of company stock worth $2,970,828. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. Bank of America boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Monness Crespi & Hardt increased their target price on shares of Hasbro from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Citigroup increased their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.42.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $78.64 on Wednesday. The company has a market capitalization of $11.03 billion, a PE ratio of -19.37, a PEG ratio of 1.03 and a beta of 0.59. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The stock’s 50 day moving average price is $78.17 and its 200-day moving average price is $68.16.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating the consensus estimate 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 business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. Hasbro’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro’s dividend payout ratio (DPR) is presently -68.97%.

Hasbro Company 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.