Hasbro, Inc. $HAS Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 154,850 shares of the company’s stock after purchasing an additional 6,780 shares during the quarter. Tectonic Advisors LLC’s holdings in Hasbro were worth $12,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HBW Advisory Services LLC purchased a new stake in Hasbro during the 4th quarter worth approximately $207,000. Visionary Horizons LLC increased its holdings in Hasbro by 5.5% during the 4th quarter. Visionary Horizons LLC now owns 12,729 shares of the company’s stock worth $1,044,000 after purchasing an additional 660 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Hasbro by 9.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,238 shares of the company’s stock worth $594,000 after purchasing an additional 599 shares during the last quarter. Brown Lisle Cummings Inc. increased its holdings in Hasbro by 25.4% during the 4th quarter. Brown Lisle Cummings Inc. now owns 6,104 shares of the company’s stock worth $501,000 after purchasing an additional 1,238 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Hasbro by 38.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 677,000 shares of the company’s stock worth $55,514,000 after purchasing an additional 189,426 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on HAS. UBS Group lifted their price objective on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. The Goldman Sachs Group lifted their price objective on Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BNP Paribas Exane dropped their price objective on Hasbro from $118.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Wolfe Research lifted their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, DA Davidson boosted their price target on Hasbro from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $112.86.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $91.73 on Monday. Hasbro, Inc. has a twelve month low of $49.08 and a twelve month high of $106.98. The company has a current ratio of 1.38, a quick ratio of 1.24 and a debt-to-equity ratio of 4.89. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of -39.03 and a beta of 0.55. The business has a 50 day simple moving average of $95.54 and a 200-day simple moving average of $85.78.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, February 18th. Hasbro’s payout ratio is -119.15%.

Insider Transactions at Hasbro

In related news, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christian P. Cocks sold 196,411 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the transaction, the chief executive officer owned 303,310 shares of the company’s stock, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 413,342 shares of company stock valued at $42,241,679 over the last 90 days. Insiders own 0.85% of the company’s stock.

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.