Regentatlantic Capital LLC Acquires New Position in Hasbro, Inc. (HAS)

Regentatlantic Capital LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent filing with the SEC. The firm purchased 1,861 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently made changes to their positions in HAS. Manning & Napier Advisors LLC increased its stake in shares of Hasbro by 245.4% in the second quarter. Manning & Napier Advisors LLC now owns 25,708 shares of the company’s stock valued at $2,865,000 after buying an additional 18,265 shares during the last quarter. BB&T Corp boosted its stake in shares of Hasbro by 1.9% in the second quarter. BB&T Corp now owns 16,434 shares of the company’s stock worth $1,833,000 after buying an additional 304 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Hasbro by 83.8% in the second quarter. Oakbrook Investments LLC now owns 8,270 shares of the company’s stock worth $922,000 after buying an additional 3,770 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Hasbro by 0.6% in the second quarter. Bollard Group LLC now owns 7,090 shares of the company’s stock worth $791,000 after buying an additional 40 shares in the last quarter. Finally, Cape ANN Savings Bank purchased a new stake in shares of Hasbro during the second quarter worth approximately $219,000. Institutional investors own 78.23% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ:HAS) traded down 0.28% during mid-day trading on Friday, reaching $97.55. 1,515,537 shares of the company’s stock were exchanged. Hasbro, Inc. has a one year low of $76.14 and a one year high of $116.20. The stock has a 50-day moving average of $108.92 and a 200 day moving average of $101.36. The firm has a market capitalization of $12.20 billion, a P/E ratio of 21.13 and a beta of 0.90.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, July 24th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. Hasbro had a return on equity of 32.24% and a net margin of 11.44%. The company had revenue of $972.51 million during the quarter, compared to the consensus estimate of $974.19 million. During the same period last year, the company earned $0.41 EPS. Hasbro’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that Hasbro, Inc. will post $5.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.57 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $2.28 annualized dividend and a yield of 2.34%. Hasbro’s payout ratio is 49.35%.

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A number of analysts have commented on HAS shares. BidaskClub upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating and set a $117.00 target price for the company in a research note on Thursday, April 27th. Jefferies Group LLC restated a “buy” rating and set a $125.00 target price on shares of Hasbro in a research note on Friday, July 21st. Barclays PLC lowered their price target on shares of Hasbro from $109.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 26th. Finally, Argus assumed coverage on shares of Hasbro in a research report on Friday, June 16th. They set a “buy” rating and a $128.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $106.69.

In related news, Director Alan G. Hassenfeld sold 152,341 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $100.50, for a total value of $15,310,270.50. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at approximately $2,928,570. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 280,906 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $105.68, for a total value of $29,686,146.08. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at $3,079,515.20. The disclosure for this sale can be found here. Insiders sold a total of 967,258 shares of company stock valued at $101,532,888 over the last quarter. 11.00% of the stock is owned by corporate insiders.

Hasbro Company Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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