AXQ Capital LP Sells 20,460 Shares of Hasbro, Inc. $HAS

AXQ Capital LP cut its position in Hasbro, Inc. (NASDAQ:HAS) by 86.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,214 shares of the company’s stock after selling 20,460 shares during the period. AXQ Capital LP’s holdings in Hasbro were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in Hasbro by 42.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,650 shares of the company’s stock worth $504,000 after purchasing an additional 1,986 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Hasbro by 7.9% in the third quarter. Sound View Wealth Advisors Group LLC now owns 5,216 shares of the company’s stock worth $396,000 after buying an additional 384 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Hasbro by 10.5% during the third quarter. Clearstead Advisors LLC now owns 6,019 shares of the company’s stock worth $457,000 after acquiring an additional 571 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Hasbro by 3.1% during the third quarter. Bleakley Financial Group LLC now owns 12,041 shares of the company’s stock valued at $913,000 after acquiring an additional 357 shares in the last quarter. Finally, Advyzon Investment Management LLC bought a new stake in Hasbro in the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Up 0.6%

HAS stock opened at $100.36 on Friday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of -42.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. The firm’s fifty day simple moving average is $90.97 and its two-hundred day simple moving average is $82.61.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. The firm’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, February 18th. Hasbro’s payout ratio is -119.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. Morgan Stanley lifted their price objective on Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. UBS Group reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, February 11th. Finally, Roth Mkm set a $120.00 price target on shares of Hasbro in a research report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.08.

Insiders Place Their Bets

In related news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $103.46, for a total transaction of $1,285,904.34. Following the completion of the transaction, the chief financial officer owned 68,221 shares in the company, valued at $7,058,144.66. The trade was a 15.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 7,773 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the sale, the insider owned 36,528 shares in the company, valued at approximately $3,762,384. The trade was a 17.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 216,931 shares of company stock worth $22,535,763. Corporate insiders own 0.85% 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.