Howard Capital Management Inc. Buys New Shares in Hasbro, Inc. $HAS

Howard Capital Management Inc. bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,222 shares of the company’s stock, valued at approximately $386,000.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in Hasbro by 3.9% in the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after purchasing an additional 1,072 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Hasbro by 20.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after buying an additional 2,866 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Hasbro by 129.5% in the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after buying an additional 6,219 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Hasbro by 60.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after buying an additional 6,225 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Hasbro by 7.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock worth $785,000 after buying an additional 931 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Up 0.0%

Shares of NASDAQ HAS opened at $77.96 on Thursday. The firm’s 50-day moving average price is $76.86 and its 200-day moving average price is $72.05. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of -19.44, a P/E/G ratio of 0.99 and a beta of 0.60. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company earned $1.73 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro’s dividend payout ratio is -69.83%.

Insider Activity at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 37,359 shares of company stock worth $2,970,828. Company insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HAS shares. Morgan Stanley boosted their price target on shares of Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Citigroup boosted their price target on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a research report on Wednesday, October 8th. DA Davidson boosted their target price on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Monness Crespi & Hardt boosted their target price on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Ten investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.18.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.