Hasbro, Inc. $HAS Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 435,406 shares of the company’s stock after selling 37,045 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of Hasbro worth $35,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAS. Brighton Jones LLC acquired a new position in shares of Hasbro during the fourth quarter worth about $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after purchasing an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its stake in Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Hasbro by 40.7% in the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the period. Finally, Focus Partners Wealth acquired a new stake in shares of Hasbro in the first quarter valued at approximately $292,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley increased their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. BNP Paribas Exane lowered their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. UBS Group restated a “buy” rating and set a $120.00 price target on shares of Hasbro in a research note on Monday, July 27th. Finally, Zacks Research downgraded Hasbro from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.43.

Insider Buying and Selling at Hasbro

In related news, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total transaction of $1,049,840.00. Following the sale, the chief financial officer owned 88,104 shares of the company’s stock, valued at $8,408,645.76. This trade represents a 11.10% 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. Also, Director Elizabeth Hamren sold 1,975 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director directly owned 9,896 shares in the company, valued at approximately $918,744.64. The trade was a 16.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 50,472 shares of company stock worth $4,736,533. 0.71% of the stock is currently owned by insiders.

Hasbro Stock Performance

Shares of HAS stock opened at $93.00 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 4.16. The stock has a 50 day simple moving average of $88.97 and a 200-day simple moving average of $90.94. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.12. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 6.17 EPS for the current year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.

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.