Hasbro, Inc. $HAS Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 435,406 shares of the company’s stock after selling 37,045 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hasbro were worth $35,960,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Mexico Educational Retirement Board increased its stake in shares of Hasbro by 8.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 6,609 shares of the company’s stock valued at $546,000 after acquiring an additional 500 shares during the last quarter. Mufg Securities Americas Inc. increased its position in Hasbro by 9.8% during the second quarter. Mufg Securities Americas Inc. now owns 4,049 shares of the company’s stock worth $334,000 after purchasing an additional 360 shares during the last quarter. Hsbc Holdings PLC raised its stake in Hasbro by 104.5% during the second quarter. Hsbc Holdings PLC now owns 798,597 shares of the company’s stock worth $66,071,000 after purchasing an additional 408,015 shares during the period. Beacon Pointe Advisors LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at $338,000. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Hasbro during the 2nd quarter valued at $1,203,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $93.00 on Friday. The stock’s 50 day moving average price is $88.97 and its 200 day moving average price is $90.94. The firm has a market capitalization of $13.12 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter last year, the company earned $1.30 earnings per share. As a group, sell-side analysts expect that Hasbro, Inc. will post 6.17 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Analysts Set New Price Targets

A number of analysts have recently commented on HAS shares. Citigroup restated a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. DA Davidson lowered their price target on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. dropped their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Roth Capital reaffirmed a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Finally, UBS Group reiterated a “buy” rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.43.

Insider Activity at Hasbro

In other news, insider John Hight sold 3,186 shares of Hasbro 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 sale, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gina Goetter sold 8,265 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the completion of the transaction, the chief financial officer directly owned 79,839 shares of the company’s stock, valued at $7,501,672.44. This represents a 9.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,472 shares of company stock valued at $4,736,533. 0.71% of the stock is currently owned by insiders.

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.