Jupiter Topco LLC Invests $4.99 Million in Hasbro, Inc. $HAS

Jupiter Topco LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 60,405 shares of the company’s stock, valued at approximately $4,988,000.

A number of other large investors also recently bought and sold shares of HAS. Focus Partners Advisor Solutions LLC bought a new position in Hasbro during the 2nd quarter valued at approximately $758,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Hasbro by 734.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after acquiring an additional 29,735 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Hasbro by 5.3% during the fourth quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock valued at $264,522,000 after acquiring an additional 162,354 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Hasbro by 24.5% during the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock valued at $14,683,000 after acquiring an additional 30,825 shares in the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Hasbro in the 4th quarter worth about $317,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hasbro

In other Hasbro news, CFO Gina M. Goetter sold 11,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the transaction, the chief financial officer owned 88,104 shares of the company’s stock, valued at approximately $8,408,645.76. This 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 can be accessed through the SEC website. Also, insider Timothy J. Kilpin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $93.12, for a total value of $1,862,400.00. Following the completion of the transaction, the insider directly owned 54,229 shares in the company, valued at $5,049,804.48. The trade was a 26.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 45,415 shares of company stock valued at $4,260,164. Corporate insiders own 0.71% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $94.10 on Tuesday. The firm’s 50-day moving average price is $88.40 and its 200-day moving average price is $91.15. The company has a quick ratio of 1.46, a current ratio of 1.66 and a debt-to-equity ratio of 4.16. The company has a market cap of $13.27 billion, a PE ratio of 16.92, a PEG ratio of 1.72 and a beta of 0.47. Hasbro, Inc. has a 52-week low of $69.50 and a 52-week high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. As a group, analysts anticipate that Hasbro, Inc. will post 6.18 EPS for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of Hasbro from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of Hasbro in a research note on Thursday, July 23rd. BNP Paribas Exane cut their price target 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. DA Davidson decreased their price objective on shares of Hasbro from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group lowered their price objective on Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.43.

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.