Range Financial Group LLC Takes $2.89 Million Position in Hasbro, Inc. $HAS

by · The Cerbat Gem

Range Financial Group LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HASFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,131 shares of the company’s stock, valued at approximately $2,892,000. Hasbro comprises 1.0% of Range Financial Group LLC’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. SteelPeak Wealth LLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $2,822,000. Jump Financial LLC raised its position in Hasbro by 129.5% in the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock valued at $678,000 after purchasing an additional 6,219 shares during the last quarter. Prudential Financial Inc. raised its position in Hasbro by 14.2% in the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock valued at $11,759,000 after purchasing an additional 19,752 shares during the last quarter. PARK CIRCLE Co acquired a new stake in Hasbro during the 2nd quarter worth $738,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Hasbro by 14.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,342 shares of the company’s stock worth $451,000 after purchasing an additional 930 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $82.83 on Tuesday. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of -20.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The business’s 50 day simple moving average is $79.55 and its 200-day simple moving average is $77.36. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $85.14.

Hasbro (NASDAQ:HASGet Free Report) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.Hasbro’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.73 EPS. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were given a $0.70 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Hasbro’s dividend payout ratio is currently -69.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAS. Morgan Stanley reaffirmed an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a report on Sunday, December 14th. Citigroup boosted their price target on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. UBS Group boosted their target price on Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.31.

View Our Latest Stock Report on HAS

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is currently owned by company insiders.

Hasbro Profile

(Free Report)

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.

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