Fox Run Management L.L.C. Has $2.15 Million Stake in Hasbro, Inc. $HAS

Fox Run Management L.L.C. grew its position in Hasbro, Inc. (NASDAQ:HAS) by 381.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,331 shares of the company’s stock after buying an additional 22,450 shares during the quarter. Hasbro accounts for about 0.3% of Fox Run Management L.L.C.’s portfolio, making the stock its 21st largest holding. Fox Run Management L.L.C.’s holdings in Hasbro were worth $2,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Hasbro by 0.7% during the second quarter. Vanguard Group Inc. now owns 16,574,471 shares of the company’s stock valued at $1,223,527,000 after purchasing an additional 110,433 shares in the last quarter. State Street Corp boosted its holdings in shares of Hasbro by 2.1% in the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after purchasing an additional 131,678 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after purchasing an additional 1,677,962 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Hasbro by 15.1% during the 2nd quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock worth $194,505,000 after buying an additional 346,637 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Hasbro by 95.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after buying an additional 1,105,004 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling

In other Hasbro news, CFO Gina M. Goetter sold 12,429 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This represents a 15.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the completion of the transaction, the executive vice president owned 50,174 shares in the company, valued at $5,267,266.52. This trade represents a 23.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,931 shares of company stock valued at $22,535,763 in the last ninety days. Insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $99.80 on Wednesday. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $106.98. The firm has a market cap of $14.01 billion, a PE ratio of -42.47, a price-to-earnings-growth ratio of 1.70 and a beta of 0.56. The firm’s fifty day moving average is $90.23 and its 200-day moving average is $82.36.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.52. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.Hasbro’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, February 18th. Hasbro’s payout ratio is currently -119.15%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, February 11th. Jefferies Financial Group lifted their price target on shares of Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a report on Friday, February 6th. Wall Street Zen raised shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Wolfe Research boosted their target price on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of Hasbro from $94.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $113.73.

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.