D.A. Davidson & CO. Makes New Investment in Hasbro, Inc. $HAS

D.A. Davidson & CO. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,115 shares of the company’s stock, valued at approximately $304,000.

A number of other large investors also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its stake in Hasbro by 0.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock worth $2,490,000 after purchasing an additional 167 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in shares of Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares in the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Hasbro by 18.3% in the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after acquiring an additional 202 shares in the last quarter. Amalgamated Bank increased 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 worth $1,708,000 after acquiring an additional 247 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position 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 in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group increased their price objective on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Roth Capital set a $96.00 price objective on shares of Hasbro and gave the stock a “buy” rating in a research report on Friday, October 24th. Wolfe Research increased their price objective on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.25.

Insider Transactions at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value 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 trade represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by insiders.

Hasbro Price Performance

Shares of HAS stock opened at $76.55 on Friday. The firm has a market cap of $10.73 billion, a P/E ratio of -19.09, a P/E/G ratio of 0.98 and a beta of 0.60. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The firm has a fifty day moving average of $76.81 and a two-hundred day moving average of $72.08.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.73 EPS. As a group, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given 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 is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

About Hasbro

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.