Ieq Capital LLC Makes New Investment in Hasbro, Inc. $HAS

Ieq Capital LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 137,718 shares of the company’s stock, valued at approximately $11,374,000. Ieq Capital LLC owned approximately 0.10% of Hasbro as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in Hasbro in the 4th quarter valued at approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hasbro by 11.8% during the first 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 shares of Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after acquiring an additional 6,451 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Hasbro in the first quarter worth $292,000. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HAS. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Morgan Stanley increased their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. reduced their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Argus upped their price target on Hasbro from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.43.

Hasbro Stock Performance

Hasbro stock opened at $93.54 on Friday. Hasbro, Inc. has a fifty-two week low of $69.50 and a fifty-two week high of $106.98. 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 has a market cap of $13.19 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The firm’s fifty day moving average price is $87.12 and its 200-day moving average price is $91.24.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, equities research analysts expect that Hasbro, Inc. will post 6.15 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given 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%.

Insider Transactions at Hasbro

In related news, CFO Gina M. Goetter sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the transaction, the chief financial officer directly owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. This trade represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the completion of the sale, the director owned 9,896 shares of the company’s stock, valued at $918,744.64. The trade was a 16.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,415 shares of company stock valued at $4,260,164 over the last 90 days. Company insiders own 0.71% of the company’s stock.

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.