Clarius Group LLC Trims Stake in Hasbro, Inc. $HAS

Clarius Group LLC lessened its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,214 shares of the company’s stock after selling 6,069 shares during the quarter. Clarius Group LLC’s holdings in Hasbro were worth $1,412,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro in the second quarter valued at $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the 2nd quarter valued at about $28,000. First Horizon Corp acquired a new position in Hasbro in the 3rd quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro in the 3rd quarter valued at about $34,000. Finally, Wexford Capital LP acquired a new stake in shares of Hasbro during the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HAS. UBS Group lifted their price target on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Wolfe Research boosted their price target on Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, BNP Paribas Exane assumed coverage on Hasbro in a report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average price target of $113.07.

Insider Transactions at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 15,148 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 50,174 shares in the company, valued at $5,267,266.52. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the transaction, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 413,342 shares of company stock valued at $42,241,679. Corporate insiders own 0.85% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $88.59 on Monday. The firm’s 50-day simple moving average is $95.03 and its 200-day simple moving average is $84.70. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The firm has a market cap of $12.46 billion, a P/E ratio of -37.70 and a beta of 0.54.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. Hasbro’s payout ratio is currently -119.15%.

Hasbro 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.