Hasbro, Inc. $HAS Holdings Lifted by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,286 shares of the company’s stock after purchasing an additional 557 shares during the quarter. Jacobi Capital Management LLC’s holdings in Hasbro were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAS. Brighton Jones LLC purchased a new position in Hasbro in the fourth quarter valued at about $317,000. Baird Financial Group Inc. grew its stake in Hasbro by 96.1% in the fourth quarter. Baird Financial Group Inc. now owns 4,071 shares of the company’s stock valued at $228,000 after purchasing an additional 1,995 shares in the last quarter. Cetera Investment Advisers grew its stake in Hasbro by 2.2% in the fourth quarter. Cetera Investment Advisers now owns 52,380 shares of the company’s stock valued at $2,929,000 after purchasing an additional 1,129 shares in the last quarter. Jefferies Financial Group Inc. grew its stake in Hasbro by 11.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 11,943 shares of the company’s stock valued at $668,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Hasbro by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 63,772 shares of the company’s stock valued at $3,565,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $78.38 on Friday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The stock has a market capitalization of $10.99 billion, a PE ratio of -19.31, a P/E/G ratio of 1.03 and a beta of 0.59. The stock has a 50-day simple moving average of $78.23 and a 200 day simple moving average of $68.39.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million during the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the previous year, the firm earned $1.22 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro’s payout ratio is currently -68.97%.

Analyst Ratings Changes

HAS has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Roth Capital upped their price target on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. DA Davidson upped their price target on Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Morgan Stanley upped their price target on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Finally, Citigroup upped their price target on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.42.

Insider Buying and Selling

In related news, CEO Christian P. Cocks sold 27,800 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares of the company’s stock, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider directly owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,359 shares of company stock valued at $2,970,828. Insiders own 0.85% of the company’s stock.

About Hasbro

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.