19,264 Shares in Hasbro, Inc. $HAS Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, Holdings Channel reports. The firm bought 19,264 shares of the company’s stock, valued at approximately $1,591,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Huntington National Bank boosted its stake in shares of 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 acquiring an additional 114 shares in the last quarter. Marathon Mission Inc. increased its stake in Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after purchasing an additional 128 shares in the last quarter. Severin Investments LLC increased its stake in Hasbro by 3.1% in the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after purchasing an additional 137 shares in the last quarter. Root Financial Partners LLC raised its holdings in Hasbro by 21.3% during the first quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after purchasing an additional 137 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in Hasbro by 2.2% during the third quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In related news, CFO Gina Goetter sold 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the sale, the chief financial officer owned 88,104 shares in the company, valued at approximately $8,408,645.76. This trade represents a 11.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Hight sold 3,186 shares of Hasbro stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the sale, the insider directly owned 67,557 shares of the company’s stock, valued at $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 50,472 shares of company stock valued at $4,736,533. 0.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on HAS shares. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Argus increased their price objective on shares of Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price target on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, DA Davidson dropped their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $109.43.

Hasbro Trading Down 0.5%

Hasbro stock opened at $93.00 on Friday. The stock has a 50-day moving average price of $88.97 and a 200 day moving average price of $90.94. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The stock has a market cap of $13.12 billion, a PE ratio of 16.73, a P/E/G ratio of 1.60 and a beta of 0.47. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 6.17 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. Hasbro’s dividend payout ratio is presently 50.36%.

About Hasbro

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.