Czech National Bank Has $2.38 Million Stake in Hasbro, Inc. $HAS

Czech National Bank raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,197 shares of the company’s stock after acquiring an additional 2,079 shares during the period. Czech National Bank’s holdings in Hasbro were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Hasbro in the fourth quarter valued at about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hasbro by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,810 shares of the company’s stock worth $828,000 after acquiring an additional 522 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Hasbro by 15.3% during the fourth quarter. ProShare Advisors LLC now owns 19,054 shares of the company’s stock valued at $1,065,000 after buying an additional 2,524 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of Hasbro by 13.0% during the 4th quarter. Rafferty Asset Management LLC now owns 12,191 shares of the company’s stock valued at $682,000 after acquiring an additional 1,403 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Hasbro by 2.9% during the fourth quarter. Toronto Dominion Bank now owns 52,495 shares of the company’s stock valued at $2,935,000 after buying an additional 1,485 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 1.0%

Shares of HAS opened at $74.15 on Friday. The business’s 50 day simple moving average is $78.06 and its 200-day simple moving average is $68.73. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The company has a market capitalization of $10.40 billion, a P/E ratio of -18.26, a PEG ratio of 0.97 and a beta of 0.59. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The company had revenue of $980.80 million during the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. Hasbro’s dividend payout ratio is presently -68.97%.

Insider Buying and Selling

In related news, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction 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 approximately $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the sale, the insider directly owned 44,301 shares of the company’s stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Roth Capital lifted their target price on shares of Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group lifted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Monness Crespi & Hardt increased their target price on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday. Citigroup raised their price objective on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.42.

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.