Caisse de depot et placement du Quebec Buys New Shares in Hasbro, Inc. $HAS

Caisse de depot et placement du Quebec bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 305,503 shares of the company’s stock, valued at approximately $25,231,000.

A number of other hedge funds have also recently bought and sold shares of HAS. Brighton Jones LLC acquired a new position in Hasbro during the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its stake in Hasbro by 95.8% in 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 grew its position in shares of Hasbro by 40.7% in the 1st 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 period. Finally, Focus Partners Wealth acquired a new position in shares of Hasbro during the 1st quarter worth about $292,000. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HAS shares. BNP Paribas Exane dropped their target price on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Argus upped their price objective on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Hasbro in a research report on Thursday, July 23rd. Wall Street Zen downgraded Hasbro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group reissued a “buy” rating and set a $120.00 target price on shares of Hasbro in a report on Monday, July 27th. 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Insider Activity

In other news, insider Timothy J. Kilpin sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This represents a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gina M. Goetter sold 8,265 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $93.96, for a total value of $776,579.40. Following the transaction, the chief financial officer owned 79,839 shares of the company’s stock, valued at $7,501,672.44. This trade represents a 9.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 45,415 shares of company stock valued at $4,260,164. Corporate insiders own 0.71% of the company’s stock.

Hasbro Trading Up 0.1%

Shares of HAS stock opened at $94.23 on Friday. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98. The company has a market capitalization of $13.29 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.72 and a beta of 0.47. The firm has a 50 day moving average price of $88.20 and a two-hundred day moving average price of $91.26. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last posted its 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 company had revenue of $1.14 billion for 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 firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. As a group, analysts predict that Hasbro, Inc. will post 6.15 earnings per share for the current year.

Hasbro Dividend Announcement

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