Vident Investment Advisory LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,043 shares of the company’s stock after purchasing an additional 1,822 shares during the quarter. Vident Investment Advisory LLC’s holdings in Hasbro were worth $650,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in Hasbro in the first quarter valued at $117,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Hasbro during the first quarter valued at $136,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Hasbro during the second quarter valued at $136,000. Cerebellum GP LLC acquired a new stake in shares of Hasbro during the second quarter valued at $165,000. Finally, CenterStar Asset Management LLC boosted its stake in shares of Hasbro by 98.7% during the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock valued at $183,000 after acquiring an additional 987 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

NASDAQ HAS traded up $0.50 during mid-day trading on Friday, reaching $98.31. 936,556 shares of the company’s stock traded hands, compared to its average volume of 1,386,990. Hasbro, Inc. has a 1-year low of $79.00 and a 1-year high of $109.60. The company has a quick ratio of 2.11, a current ratio of 2.69 and a debt-to-equity ratio of 0.96. The firm has a market cap of $13.34 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.90 and a beta of 0.89.

Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, July 23rd. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.29 by $0.19. The company had revenue of $904.50 million during the quarter, compared to analyst estimates of $839.29 million. Hasbro had a return on equity of 35.34% and a net margin of 4.15%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, analysts anticipate that Hasbro, Inc. will post 4.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be given a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $2.52 annualized dividend and a dividend yield of 2.56%. Hasbro’s payout ratio is 46.15%.

HAS has been the topic of a number of analyst reports. TheStreet raised Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. DA Davidson raised their price target on Hasbro to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. B. Riley raised their price target on Hasbro from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $120.00 price objective on Hasbro and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.33.

In related news, SVP Tarrant L. Sibley sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $100.00, for a total transaction of $152,500.00. Following the completion of the transaction, the senior vice president now owns 21,262 shares in the company, valued at approximately $2,126,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Deborah Thomas sold 19,683 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total value of $1,984,636.89. Following the transaction, the chief financial officer now owns 97,083 shares of the company’s stock, valued at approximately $9,788,878.89. The disclosure for this sale can be found here. Insiders have sold a total of 106,645 shares of company stock valued at $10,796,944 in the last 90 days. Insiders own 9.90% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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