Hasbro, Inc. $HAS Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,214 shares of the company’s stock after selling 6,069 shares during the period. Clarius Group LLC’s holdings in Hasbro were worth $1,412,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at $25,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the 2nd quarter valued at $28,000. First Horizon Corp purchased a new position in Hasbro in the third quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC purchased a new position in Hasbro in the third quarter valued at about $34,000. Finally, Wexford Capital LP acquired a new position in shares of Hasbro during the third quarter worth about $37,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $88.59 on Monday. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of -37.70 and a beta of 0.54. Hasbro, Inc. has a one year low of $49.00 and a one year high of $106.98. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.24 and a current ratio of 1.38. The business’s 50-day simple moving average is $95.03 and its 200 day simple moving average is $84.70.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.52. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.46 EPS. Hasbro’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. Hasbro’s dividend payout ratio (DPR) is presently -119.15%.

Insider Activity at Hasbro

In related news, CEO Christian P. Cocks sold 196,411 shares of Hasbro stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer owned 303,310 shares in the company, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the sale, the insider directly owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 413,342 shares of company stock worth $42,241,679 over the last three months. 0.85% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. BNP Paribas Exane initiated coverage on Hasbro in a report on Wednesday, February 25th. They set an “outperform” rating and a $118.00 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Roth Mkm set a $120.00 price objective on shares of Hasbro in a research note on Wednesday, February 11th. Finally, Argus set a $105.00 target price on shares of Hasbro in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $113.07.

Hasbro Company 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.