Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 10.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,245 shares of the company’s stock after buying an additional 2,738 shares during the quarter. Quantinno Capital Management LP’s holdings in Hasbro were worth $2,115,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HAS. Plato Investment Management Ltd purchased a new position in Hasbro in the second quarter worth approximately $27,000. Asset Dedication LLC lifted its position in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new position in Hasbro in the third quarter valued at $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Hasbro in the third quarter valued at $40,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of HAS stock opened at $65.36 on Wednesday. The stock’s 50-day moving average price is $67.05 and its 200 day moving average price is $64.67. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $9.12 billion, a PE ratio of -14.09, a price-to-earnings-growth ratio of 0.61 and a beta of 0.62. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities research analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HAS. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group boosted their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.67.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.82% of the company’s stock.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.