Landscape Capital Management L.L.C. Invests $1.75 Million in Hasbro, Inc. $HAS

Landscape Capital Management L.L.C. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,132 shares of the company’s stock, valued at approximately $1,745,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new stake in Hasbro during the second quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Hasbro in the fourth quarter valued at about $27,000. MUFG Securities EMEA plc purchased a new position in Hasbro in the second quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hasbro by 1,190.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company’s stock valued at $32,000 after buying an additional 357 shares in the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Hasbro during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Buying and Selling

In related news, insider Timothy J. Kilpin sold 20,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Elizabeth Hamren sold 1,975 shares of Hasbro stock in a transaction dated Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $918,744.64. This represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 45,415 shares of company stock valued at $4,260,164. 0.71% of the stock is owned by insiders.

Hasbro Trading Down 0.0%

Shares of HAS opened at $93.54 on Friday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The firm has a 50 day simple moving average of $87.12 and a 200-day simple moving average of $91.24. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47.

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, topping the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

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

Wall Street Analyst Weigh In

HAS has been the topic of a number of research reports. Wall Street Zen cut Hasbro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. DA Davidson reduced their price objective on Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. Bank of America decreased their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a research report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.