Hasbro, Inc. $HAS Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 760.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,662 shares of the company’s stock after buying an additional 188,841 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Hasbro worth $16,206,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HAS. Brighton Jones LLC acquired a new stake in shares of Hasbro in the fourth quarter worth $317,000. American Century Companies Inc. boosted its holdings in Hasbro by 21.3% in the first quarter. American Century Companies Inc. now owns 13,596 shares of the company’s stock valued at $836,000 after purchasing an additional 2,392 shares during the last quarter. Raymond James Financial Inc. grew its position in Hasbro by 0.9% during the 1st quarter. Raymond James Financial Inc. now owns 426,233 shares of the company’s stock worth $26,209,000 after purchasing an additional 3,714 shares during the period. Algert Global LLC acquired a new stake in Hasbro during the 1st quarter worth about $922,000. Finally, Northern Trust Corp raised its stake in shares of Hasbro by 7.4% during the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock valued at $87,499,000 after buying an additional 98,425 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction that occurred 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 completion of the transaction, the director owned 17,102 shares in the company, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a research note on Sunday, December 14th. Seaport Res Ptn upgraded Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Wolfe Research raised their price objective on shares of Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.92.

Hasbro Price Performance

Shares of HAS stock opened at $81.98 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The company has a market capitalization of $11.51 billion, a PE ratio of -20.44, a price-to-earnings-growth ratio of 1.60 and a beta of 0.55. The firm’s 50-day moving average is $78.58 and its two-hundred day moving average is $76.60. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $85.14.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

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

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.