Banco Santander S.A. Acquires New Shares in Hasbro, Inc. $HAS

Banco Santander S.A. bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 72,821 shares of the company’s stock, valued at approximately $5,523,000. Banco Santander S.A. owned 0.05% of Hasbro at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. UBS Group reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, February 11th. Monness Crespi & Hardt boosted their target price on Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Seaport Research Partners raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their price target on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.08.

Insider Buying and Selling at Hasbro

In related news, 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 transaction, the chief financial officer owned 68,221 shares in the company, valued at $7,058,144.66. This trade represents a 15.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christian P. Cocks sold 181,581 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.86, for a total transaction of $18,859,002.66. Following the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $25,950,563.46. The trade was a 42.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 216,931 shares of company stock valued at $22,535,763. 0.85% of the stock is owned by insiders.

Hasbro Stock Down 0.8%

HAS opened at $99.59 on Friday. The business’s fifty day simple moving average is $91.32 and its 200 day simple moving average is $82.76. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $106.98. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The stock has a market cap of $14.01 billion, a PE ratio of -42.38, a P/E/G ratio of 1.74 and a beta of 0.56.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. 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 in the previous year, the company posted $0.46 earnings per share. As a group, research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared 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. This represents a $2.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, February 18th. Hasbro’s dividend payout ratio (DPR) is presently -119.15%.

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.