AXQ Capital LP Sells 20,460 Shares of Hasbro, Inc. $HAS

AXQ Capital LP reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 86.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,214 shares of the company’s stock after selling 20,460 shares during the period. AXQ Capital LP’s holdings in Hasbro were worth $244,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HAS. Bank of America Corp DE boosted 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 in the last quarter. Norges Bank bought a new stake in Hasbro in the second quarter worth $123,710,000. AQR Capital Management LLC boosted its position in Hasbro by 95.7% during the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock valued at $164,831,000 after buying an additional 1,105,004 shares during the period. Mane Global Capital Management LP purchased a new stake in Hasbro during the second quarter valued at about $77,471,000. Finally, Wedge Capital Management L L P NC bought a new position in shares of Hasbro during the third quarter valued at about $30,608,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.6%

Shares of HAS opened at $100.36 on Friday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The firm’s 50-day moving average price is $90.97 and its 200-day moving average price is $82.61. The firm has a market capitalization of $14.08 billion, a price-to-earnings ratio of -42.71, a PEG ratio of 1.73 and a beta of 0.56.

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

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $2.80 annualized dividend and a yield of 2.8%. Hasbro’s dividend payout ratio (DPR) is currently -119.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HAS. UBS Group reissued a “buy” rating on shares of Hasbro in a research note on Wednesday, February 11th. Jefferies Financial Group boosted their price objective on Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Seaport Research Partners upgraded shares of Hasbro to a “strong-buy” rating in a report on Monday, November 10th. DA Davidson lifted their target price on shares of Hasbro from $80.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley upped their price target on shares of Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.08.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the sale, the insider directly owned 36,528 shares in the company, valued at approximately $3,762,384. This trade represents a 17.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was 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 $7,058,144.66. This represents a 15.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 216,931 shares of company stock worth $22,535,763. Corporate insiders own 0.85% of the company’s stock.

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.