Hennion & Walsh Asset Management Inc. Has $2.36 Million Holdings in Hasbro, Inc. $HAS

Hennion & Walsh Asset Management Inc. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,575 shares of the company’s stock after buying an additional 6,409 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Hasbro were worth $2,360,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Hasbro during the fourth quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 worth $1,018,000 after purchasing an additional 1,753 shares during the last quarter. Empowered Funds LLC increased its position in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP lifted its holdings in Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after purchasing an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in Hasbro during the 1st quarter valued at about $292,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 2.7%

HAS opened at $97.04 on Wednesday. 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 market capitalization of $13.69 billion, a PE ratio of 17.45, a PEG ratio of 1.74 and a beta of 0.47. Hasbro, Inc. has a 1-year low of $69.50 and a 1-year high of $106.98. The firm has a 50-day moving average price of $85.38 and a two-hundred day moving average price of $90.96.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 6.13 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.9%. Hasbro’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HAS shares. Argus upped their price objective on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company cut their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings raised Hasbro from a “sell (d+)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Roth Capital restated a “buy” rating on shares of Hasbro in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Hasbro from $125.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.07.

Insider Buying and Selling

In other Hasbro news, insider John Hight sold 3,186 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This trade represents a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gina M. Goetter sold 11,000 shares of Hasbro stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $95.44, for a total value of $1,049,840.00. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 42,451 shares of company stock worth $3,987,379 in the last quarter. Insiders own 0.71% 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.