Pallas Capital Advisors LLC Acquires New Holdings in Hasbro, Inc. $HAS

Pallas Capital Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 11,155 shares of the company’s stock, valued at approximately $921,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Hasbro in the 4th quarter valued at about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC lifted its position in Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares during the last quarter. Woodline Partners LP lifted its position in Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in Hasbro in the first quarter valued at approximately $292,000. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on HAS. Jefferies Financial Group cut their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, July 16th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. Argus upped their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.07.

Hasbro Stock Down 1.1%

Shares of HAS stock opened at $93.99 on Wednesday. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. The firm has a market capitalization of $13.26 billion, a PE ratio of 16.90, a P/E/G ratio of 1.77 and a beta of 0.47. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. The stock’s 50-day simple moving average is $86.52 and its 200-day simple moving average is $91.18.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Equities analysts expect that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Dividend Announcement

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

Insider Buying and Selling at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 8,265 shares of Hasbro stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the sale, the chief financial officer directly owned 79,839 shares in the company, valued at approximately $7,501,672.44. The trade was a 9.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth Hamren sold 1,975 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total transaction of $183,359.00. Following the completion of the sale, the director directly owned 9,896 shares in the company, valued at $918,744.64. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is currently owned by insiders.

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.