Hasbro, Inc. $HAS Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 186.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,395 shares of the company’s stock after acquiring an additional 15,225 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hasbro were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new stake in shares of Hasbro in the second quarter valued at about $28,000. First Horizon Corp acquired a new stake in Hasbro during the third quarter worth about $29,000. Mather Group LLC. acquired a new stake in Hasbro during the third quarter worth about $39,000. Finally, JNBA Financial Advisors purchased a new stake in shares of Hasbro in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of Hasbro stock opened at $94.49 on Monday. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of -40.21 and a beta of 0.54. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $106.98. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The business has a 50-day moving average of $92.81 and a 200 day moving average of $83.38.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

Wall Street Analysts Forecast Growth

HAS has been the subject of several analyst reports. The Goldman Sachs Group increased their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. BNP Paribas Exane began coverage on Hasbro in a research report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 target price on the stock. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Insider Buying and Selling at Hasbro

In other news, EVP Tarrant L. Sibley sold 15,148 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the sale, the executive vice president directly owned 50,174 shares in the company, valued at approximately $5,267,266.52. This trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gina M. Goetter sold 12,429 shares of Hasbro stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. This trade represents a 15.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 413,342 shares of company stock worth $42,241,679. 0.85% of the stock is currently owned by insiders.

About Hasbro

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.