Verdence Capital Advisors LLC Has $4.12 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Verdence Capital Advisors LLC boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,361 shares of the company’s stock after purchasing an additional 2,177 shares during the quarter. Verdence Capital Advisors LLC owned 0.05% of Hasbro worth $4,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in shares of Hasbro in the fourth quarter valued at approximately $403,000. Daiwa Securities Group Inc. boosted its holdings in shares of Hasbro by 15.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,483 shares of the company’s stock valued at $637,000 after buying an additional 1,679 shares during the period. Federated Hermes Inc. acquired a new position in shares of Hasbro in the fourth quarter valued at approximately $53,000. CWM LLC boosted its holdings in shares of Hasbro by 37.1% in the fourth quarter. CWM LLC now owns 1,910 shares of the company’s stock valued at $97,000 after buying an additional 517 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insiders Place Their Bets

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAS. Stifel Nicolaus boosted their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group boosted their price objective on shares of Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. DA Davidson reaffirmed a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $70.00 to $80.00 in a research report on Friday, June 14th. Finally, Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Hasbro Trading Up 0.7 %

Hasbro stock traded up $0.49 during mid-day trading on Monday, hitting $68.51. 949,167 shares of the stock were exchanged, compared to its average volume of 1,729,303. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The firm’s fifty day simple moving average is $61.58 and its two-hundred day simple moving average is $58.24. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of -6.80, a PEG ratio of 0.51 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post 3.89 EPS for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s dividend payout ratio is -27.61%.

Hasbro Company Profile

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.