Rakuten Investment Management Inc. Takes Position in Hasbro, Inc. $HAS

Rakuten Investment Management Inc. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, Holdings Channel reports. The institutional investor purchased 14,251 shares of the company’s stock, valued at approximately $1,203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in Hasbro in the second quarter valued at approximately $1,591,000. United Capital Financial Advisors LLC bought a new position in shares of Hasbro during the second quarter worth $467,000. Public Employees Retirement System of Ohio bought a new position in shares of Hasbro during the second quarter worth $3,311,000. Redwood Investment Management LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at $789,000. Finally, Parvin Asset Management LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at $101,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $94.23 on Monday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The company’s fifty day simple moving average is $88.20 and its 200 day simple moving average is $91.22. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.72 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 6.18 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is 50.36%.

Insider Transactions at Hasbro

In related news, insider John Hight sold 3,186 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the sale, the insider directly owned 54,229 shares in the company, valued at approximately $5,049,804.48. This represents a 26.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HAS has been the topic of several research analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. decreased their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Argus raised their price target on Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company lifted their price objective on Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average target price of $109.43.

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.