State of Alaska Department of Revenue Has $1.09 Million Stake in Hasbro, Inc. $HAS

State of Alaska Department of Revenue decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 14,764 shares of the company’s stock after selling 600 shares during the period. State of Alaska Department of Revenue’s holdings in Hasbro were worth $1,089,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in HAS. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after purchasing an additional 186 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Hasbro by 18.3% during the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after buying an additional 202 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Hasbro by 16.2% during the first quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $91,000 after buying an additional 205 shares during the last quarter. Amalgamated Bank boosted its position in shares of Hasbro by 0.9% in the first quarter. Amalgamated Bank now owns 27,783 shares of the company’s stock valued at $1,708,000 after acquiring an additional 247 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 269 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 1.0%

Shares of NASDAQ:HAS opened at $75.89 on Monday. The company’s fifty day moving average is $77.87 and its 200-day moving average is $69.79. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $82.19. The company has a market capitalization of $10.64 billion, a PE ratio of -18.69, a P/E/G ratio of 0.98 and a beta of 0.60.

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

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro’s payout ratio is currently -68.97%.

Insider Buying and Selling

In other news, insider Timothy J. Kilpin sold 8,557 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the transaction, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock worth $2,970,828 in the last 90 days. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAS. UBS Group increased their price target on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a research note on Saturday, September 27th. Morgan Stanley lifted their target price on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Citigroup upped their price target on Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Roth Capital lifted their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $87.64.

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.