Hasbro, Inc. $HAS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 20.2% during the first quarter, Holdings Channel reports. The firm owned 184,300 shares of the company’s stock after selling 46,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Hasbro were worth $17,250,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Huntington National Bank raised its holdings in Hasbro by 10.2% during the 4th quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after buying an additional 114 shares during the period. Signaturefd LLC boosted its holdings in shares of Hasbro by 6.4% in the fourth quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Hasbro by 3.9% in the fourth quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares during the period. Severin Investments LLC increased its position in shares of Hasbro by 3.1% in the first quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after acquiring an additional 137 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Hasbro by 21.3% in the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after acquiring an additional 137 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 0.7%

HAS opened at $94.53 on Friday. The company has a market capitalization of $13.38 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. 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 fifty-two week low of $69.50 and a fifty-two week high of $106.98. The business has a 50-day moving average of $84.36 and a 200-day moving average of $90.58.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. The business had revenue of $1.14 billion during 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 firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 EPS. Equities research analysts forecast that Hasbro, Inc. will post 6.13 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Argus lifted their price objective on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $120.00 target price on shares of Hasbro in a research note on Monday. Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $109.07.

Insider Activity

In related news, insider John Hight sold 3,186 shares of Hasbro stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the completion of the sale, the insider owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gina M. Goetter sold 11,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the sale, the chief financial officer directly owned 88,104 shares of the company’s stock, valued at $8,408,645.76. This represents a 11.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,186 shares of company stock worth $3,210,800. 0.71% of the stock is owned by corporate insiders.

Hasbro 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.