7,009 Shares in Hasbro, Inc. $HAS Bought by CacheTech Inc.

CacheTech Inc. purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 7,009 shares of the company’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. Vanguard Group Inc. grew its position in Hasbro by 0.7% during the second quarter. Vanguard Group Inc. now owns 16,574,471 shares of the company’s stock valued at $1,223,527,000 after buying an additional 110,433 shares during the period. State Street Corp boosted its stake in shares of Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after acquiring an additional 131,678 shares in the last quarter. Bank of America Corp DE grew its position in shares of Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after acquiring an additional 1,677,962 shares during the period. Marshall Wace LLP increased its stake in shares of Hasbro by 15.1% in the 2nd quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock valued at $194,505,000 after purchasing an additional 346,637 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Hasbro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock worth $140,652,000 after purchasing an additional 227,477 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 2.9%

HAS stock opened at $81.55 on Monday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $85.14. The firm has a market cap of $11.44 billion, a PE ratio of -20.34, a PEG ratio of 1.59 and a beta of 0.55. The firm’s 50 day moving average price is $77.86 and its 200-day moving average price is $76.22. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.73 EPS. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro’s dividend payout ratio is -69.83%.

Insider Activity

In other news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Citigroup boosted their price target on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, October 24th. UBS Group upped their price objective on shares of Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $89.92.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.