12,118 Shares in Hasbro, Inc. $HAS Acquired by TCM Advisors LLC

TCM Advisors LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,118 shares of the company’s stock, valued at approximately $1,001,000. Hasbro comprises approximately 0.1% of TCM Advisors LLC’s portfolio, making the stock its 21st largest holding.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank increased its position in shares of Hasbro by 10.2% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock worth $101,000 after purchasing an additional 114 shares in the last quarter. Marathon Mission Inc. boosted its position in shares of Hasbro by 1.4% in the 2nd quarter. Marathon Mission Inc. now owns 9,152 shares of the company’s stock worth $756,000 after purchasing an additional 128 shares in the last quarter. Severin Investments LLC boosted its position in shares of Hasbro by 3.1% in the 1st quarter. Severin Investments LLC now owns 4,595 shares of the company’s stock worth $430,000 after purchasing an additional 137 shares in the last quarter. Root Financial Partners LLC grew its stake in Hasbro by 21.3% during the 1st quarter. Root Financial Partners LLC now owns 780 shares of the company’s stock worth $73,000 after buying an additional 137 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock worth $493,000 after buying an additional 139 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hasbro

In other Hasbro news, insider John Hight sold 3,186 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total transaction of $298,560.06. Following the completion of the transaction, the insider directly owned 67,557 shares in the company, valued at approximately $6,330,766.47. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Gina M. Goetter sold 8,265 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $93.96, for a total transaction of $776,579.40. Following the completion of the transaction, the chief financial officer directly owned 79,839 shares in the company, valued at $7,501,672.44. This represents a 9.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,415 shares of company stock worth $4,260,164 in the last quarter. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on HAS. Roth Capital reiterated a “buy” rating on shares of Hasbro in a research note on Wednesday, July 22nd. 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. BNP Paribas Exane cut their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a report on Wednesday, July 15th. Bank of America decreased their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. cut their target price on Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.43.

Hasbro Price Performance

Shares of HAS opened at $93.54 on Monday. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.71 and a beta of 0.47. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The stock’s 50-day moving average price is $87.12 and its 200-day moving average price is $91.22. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business posted $1.30 EPS. The business’s revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts predict that Hasbro, Inc. will post 6.15 EPS for the current year.

Hasbro Announces Dividend

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

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.