Focus Partners Advisor Solutions LLC Invests $758,000 in Hasbro, Inc. $HAS

Focus Partners Advisor Solutions LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,176 shares of the company’s stock, valued at approximately $758,000.

A number of other large investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its holdings in Hasbro by 734.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock valued at $2,770,000 after purchasing an additional 29,735 shares during the last quarter. Capital Research Global Investors grew its stake in Hasbro by 5.3% during the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after buying an additional 162,354 shares during the last quarter. California State Teachers Retirement System grew its stake in Hasbro by 24.5% during the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock worth $14,683,000 after buying an additional 30,825 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Hasbro during the fourth quarter worth approximately $317,000. Finally, CWM LLC raised its stake in shares of Hasbro by 24.1% in the fourth quarter. CWM LLC now owns 90,287 shares of the company’s stock valued at $7,404,000 after acquiring an additional 17,544 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HAS. Morgan Stanley boosted their target price on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. decreased their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Roth Capital restated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Stock Performance

HAS stock opened at $95.05 on Tuesday. The business’s fifty day moving average is $86.32 and its 200-day moving average is $91.15. 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 has a market cap of $13.41 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, August 19th. Hasbro’s payout ratio is presently 50.36%.

Insider Buying and Selling

In related news, CFO Gina M. Goetter sold 8,265 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the sale, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. This trade represents a 9.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the completion of the sale, the insider owned 54,229 shares of the company’s stock, valued at approximately $5,049,804.48. This represents a 26.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 45,415 shares of company stock valued at $4,260,164. Insiders own 0.71% of the company’s stock.

Hasbro Company 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.