CacheTech Inc. Takes $517,000 Position in Hasbro, Inc. $HAS

CacheTech Inc. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,009 shares of the company’s stock, valued at approximately $517,000.

Several other large investors also recently added to or reduced their stakes in the business. SteelPeak Wealth LLC purchased a new position in Hasbro in the second quarter worth about $2,822,000. Jump Financial LLC lifted its position in Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock valued at $678,000 after acquiring an additional 6,219 shares in the last quarter. Prudential Financial Inc. boosted its stake in Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock valued at $11,759,000 after purchasing an additional 19,752 shares during the last quarter. PARK CIRCLE Co bought a new position in shares of Hasbro during the second quarter valued at $738,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after acquiring an additional 227,477 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of several research analyst reports. UBS Group increased their price target on Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 14th. 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 note on Friday, October 24th. Wolfe Research raised their target price on Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Monness Crespi & Hardt boosted their price target on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Finally, Roth Capital set a $96.00 price target on Hasbro and gave the stock a “buy” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.92.

Hasbro Trading Down 2.9%

HAS stock opened at $81.55 on Monday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $85.14. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of -20.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The firm’s fifty day simple moving average is $77.86 and its two-hundred day simple moving average is $76.22.

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

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. Hasbro’s payout ratio is presently -69.83%.

Insider Activity at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is currently owned by company insiders.

Hasbro 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.