SG Americas Securities LLC Raises Stock Holdings in Hasbro, Inc. $HAS

SG Americas Securities LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1,608.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 171,521 shares of the company’s stock after purchasing an additional 161,482 shares during the quarter. SG Americas Securities LLC’s holdings in Hasbro were worth $14,065,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in HAS. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hasbro by 42.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,051 shares of the company’s stock valued at $4,553,000 after purchasing an additional 15,572 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Hasbro by 56.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,309 shares of the company’s stock worth $626,000 after purchasing an additional 2,652 shares during the last quarter. Boston Standard Wealth Management LLC bought a new stake in Hasbro in the 4th quarter worth approximately $202,000. Sagespring Wealth Partners LLC bought a new stake in Hasbro in the 4th quarter worth approximately $236,000. Finally, Everhart Financial Group Inc. purchased a new stake in Hasbro during the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 2.8%

Shares of Hasbro stock opened at $88.59 on Friday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98. The company’s fifty day simple moving average is $95.03 and its 200-day simple moving average is $84.65. 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 stock has a market capitalization of $12.46 billion, a PE ratio of -37.70 and a beta of 0.54.

Hasbro (NASDAQ:HAS) last posted 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 positive return on equity of 127.21% and a negative net margin of 6.86%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.46 EPS. Hasbro’s revenue was up 31.3% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

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

Insider Buying and Selling

In other Hasbro news, insider Timothy J. Kilpin sold 7,773 shares of the company’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 sale, the insider owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tarrant L. Sibley sold 15,148 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly 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. In the last three months, insiders have sold 413,342 shares of company stock worth $42,241,679. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HAS. BNP Paribas Exane initiated coverage on Hasbro in a research note on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 price target on the stock. Citigroup upped their price objective on Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Morgan Stanley increased their target price on Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Monness Crespi & Hardt raised 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.07.

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.