Simon Quick Advisors LLC Acquires Shares of 7,097 Hasbro, Inc. $HAS

Simon Quick Advisors LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 7,097 shares of the company’s stock, valued at approximately $524,000.

Several other institutional investors also recently made changes to their positions in HAS. SBI Securities Co. Ltd. increased its holdings in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after purchasing an additional 269 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of Hasbro in the 2nd quarter valued at about $35,000. IFP Advisors Inc increased its holdings in shares of Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after purchasing an additional 543 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after purchasing an additional 449 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after purchasing an additional 186 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider directly owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 37,359 shares of company stock valued at $2,970,828. Insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $76.31 on Friday. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $82.19. The stock has a market capitalization of $10.70 billion, a P/E ratio of -19.03, a P/E/G ratio of 0.98 and a beta of 0.60. The firm’s 50-day moving average is $76.69 and its two-hundred day moving average is $72.37. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the company earned $1.73 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Morgan Stanley lifted their price target on Hasbro from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. The Goldman Sachs Group lifted their price target on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Roth Capital set a $96.00 price target on Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $89.25.

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.