TCM Advisors LLC Invests $1 Million in Hasbro, Inc. $HAS

TCM Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,118 shares of the company’s stock, valued at approximately $1,001,000. Hasbro comprises 0.1% of TCM Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Hasbro in the second quarter valued at $2,204,689,000. Norges Bank acquired a new stake in shares of Hasbro during the fourth quarter valued at about $147,748,000. Bank of America Corp DE increased its position in shares of Hasbro by 128.7% during the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after acquiring an additional 1,677,962 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Hasbro in the 2nd quarter valued at approximately $130,731,000. Finally, AQR Capital Management LLC raised its stake in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after acquiring an additional 1,399,499 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 20,000 shares of Hasbro stock in a transaction dated Tuesday, July 28th. The stock was 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 directly owned 54,229 shares of the company’s stock, valued at $5,049,804.48. The trade was a 26.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the transaction, the director owned 9,896 shares in the company, valued at approximately $918,744.64. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,415 shares of company stock valued at $4,260,164 in the last three months. Corporate insiders own 0.71% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $93.54 on Monday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The stock’s 50-day moving average is $87.12 and its two-hundred day moving average is $91.22. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year 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. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Analysts Set New Price Targets

HAS has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday. UBS Group reissued a “buy” rating and issued a $120.00 target price on shares of Hasbro in a research report on Monday, July 27th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America decreased their price target on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, July 16th. Finally, BNP Paribas Exane dropped their price objective on Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.43.

About Hasbro

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.