Van ECK Associates Corp Has $2.29 Million Stock Position in Hasbro, Inc. $HAS

Van ECK Associates Corp cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 46.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,735 shares of the company’s stock after selling 24,028 shares during the quarter. Van ECK Associates Corp’s holdings in Hasbro were worth $2,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank grew its position in Hasbro by 10.2% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after purchasing an additional 114 shares in the last quarter. Marathon Mission Inc. boosted its stake in shares of Hasbro by 1.4% during the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock valued at $756,000 after buying an additional 128 shares during the period. Severin Investments LLC grew its holdings in shares of Hasbro by 3.1% during the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock valued at $430,000 after acquiring an additional 137 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of 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 acquiring an additional 137 shares in 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 valued at $493,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In related news, insider Holly Barbacovi sold 5,057 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $94.20, for a total transaction of $476,369.40. Following the transaction, the insider directly owned 37,486 shares in the company, valued at $3,531,181.20. The trade was a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director owned 9,896 shares in the company, valued at approximately $918,744.64. This represents a 16.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,472 shares of company stock valued at $4,736,533 in the last three months. Company insiders own 0.71% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $93.00 on Friday. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.60 and a beta of 0.47. The business has a 50 day moving average price of $88.97 and a 200 day moving average price of $90.94. 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, Inc. has a twelve month low of $69.50 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.Hasbro’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 earnings per share. Research analysts predict that Hasbro, Inc. will post 6.17 earnings per share for the current year.

Hasbro Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of Hasbro in a report on Thursday, July 23rd. Bank of America decreased their target price on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Roth Capital restated a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. 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 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.