Two Sigma Securities LLC Acquires Shares of 9,106 Hasbro, Inc. $HAS

Two Sigma Securities LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,106 shares of the company’s stock, valued at approximately $752,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. boosted its holdings in Hasbro by 648.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 114,885 shares of the company’s stock worth $9,488,000 after purchasing an additional 99,537 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Hasbro by 8.2% in the second quarter. New Mexico Educational Retirement Board now owns 6,609 shares of the company’s stock valued at $546,000 after acquiring an additional 500 shares during the last quarter. Mufg Securities Americas Inc. grew its position in shares of Hasbro by 9.8% during the 2nd quarter. Mufg Securities Americas Inc. now owns 4,049 shares of the company’s stock valued at $334,000 after acquiring an additional 360 shares during the period. Hsbc Holdings PLC grew its position in shares of Hasbro by 104.5% during the 2nd quarter. Hsbc Holdings PLC now owns 798,597 shares of the company’s stock valued at $66,071,000 after acquiring an additional 408,015 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of Hasbro during the 2nd quarter worth approximately $338,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Down 1.0%

Shares of HAS opened at $93.20 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The stock has a market capitalization of $13.15 billion, a P/E ratio of 16.76, a PEG ratio of 1.71 and a beta of 0.47. Hasbro, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98. The firm has a fifty day simple moving average of $88.60 and a two-hundred day simple moving average of $91.06.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $1.30 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, research analysts anticipate that Hasbro, Inc. will post 6.18 EPS for the current year.

Hasbro Dividend Announcement

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

Insider Buying and Selling

In other news, Director Elizabeth Hamren sold 1,975 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 9,896 shares in the company, valued at $918,744.64. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Timothy J. Kilpin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $93.12, for a total transaction of $1,862,400.00. Following the sale, the insider owned 54,229 shares of the company’s stock, valued at $5,049,804.48. This trade represents a 26.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 50,472 shares of company stock worth $4,736,533 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Argus boosted 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. Morgan Stanley increased their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings raised shares of Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. DA Davidson lowered their target price on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.43.

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.