Abacus FCF Advisors LLC Buys New Shares in Hasbro, Inc. $HAS

Abacus FCF Advisors LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 103,147 shares of the company’s stock, valued at approximately $7,824,000. Abacus FCF Advisors LLC owned about 0.07% of Hasbro at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. CYBER HORNET ETFs LLC acquired a new stake in Hasbro during the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $28,000. Pittenger & Anderson Inc. acquired a new stake in shares of Hasbro during the 2nd quarter worth approximately $35,000. IFP Advisors Inc increased its position in shares of Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after purchasing an additional 543 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Hasbro by 187.5% in the second quarter. Hillsdale Investment Management Inc. now owns 690 shares of the company’s stock valued at $51,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of Hasbro stock opened at $82.83 on Tuesday. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of -20.66, a P/E/G ratio of 1.61 and a beta of 0.55. The firm’s 50-day moving average price is $79.55 and its two-hundred day moving average price is $77.36. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year 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, beating analysts’ consensus estimates of $1.63 by $0.05. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. Hasbro’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid 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 yield of 3.4%. Hasbro’s payout ratio is currently -69.83%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. UBS Group upped their target price on shares of Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a research note on Friday, November 14th. The Goldman Sachs Group raised their price target 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. Finally, Monness Crespi & Hardt lifted their price objective on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Insider Activity at Hasbro

In other news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.85% of the company’s stock.

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.