Foster & Motley Inc. Invests $600,000 in Hasbro, Inc. $HAS

Foster & Motley Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,263 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Hasbro in the fourth quarter worth $27,000. MUFG Securities EMEA plc purchased a new stake in Hasbro during the second quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after purchasing an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in Hasbro during the first quarter valued at $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HAS. Jefferies Financial Group decreased their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, June 9th. Finally, Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Insider Buying and Selling at Hasbro

In other news, CFO Gina M. Goetter sold 8,265 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $93.96, for a total value of $776,579.40. Following the transaction, the chief financial officer directly owned 79,839 shares of the company’s stock, valued at approximately $7,501,672.44. This trade represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total transaction of $183,359.00. Following the transaction, the director owned 9,896 shares in the company, valued at $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 45,415 shares of company stock worth $4,260,164. Company insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $93.33 on Thursday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The firm has a market capitalization of $13.16 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The company’s 50-day moving average is $86.74 and its 200 day moving average is $91.20.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. Research analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.70 per share. 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 payout ratio is 50.36%.

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.