Hasbro, Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish


 Hasbro, Inc. Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Hasbro, Inc. (HAS) recorded an unusually high (516) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious HAS decrease. With 516 contracts traded and 184 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: HAS161021P00072000 closed last at: $0.8 or 33.3% up. About 5.55M shares traded hands or 418.69% up from the average. Hasbro, Inc. (NASDAQ:HAS) has declined 2.86% since March 14, 2016 and is downtrending. It has underperformed by 8.47% the S&P500.

Hasbro, Inc. (NASDAQ:HAS) Ratings Coverage

Out of 14 analysts covering Hasbro Inc. (NASDAQ:HAS), 4 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 29% are positive. Hasbro Inc. has been the topic of 26 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray upgraded Hasbro, Inc. (NASDAQ:HAS) on Wednesday, September 2 to “Overweight” rating. The firm has “Perform” rating given on Thursday, August 20 by Oppenheimer. The firm has “Buy” rating by Citigroup given on Monday, June 6. The firm has “Buy” rating given on Tuesday, October 20 by Monness Crespi & Hardt. The rating was maintained by JP Morgan on Tuesday, April 19 with “Neutral”. The stock of Hasbro, Inc. (NASDAQ:HAS) earned “Neutral” rating by JP Morgan on Thursday, April 7. The rating was maintained by Barclays Capital on Tuesday, April 19 with “Equal-Weight”. Jefferies maintained Hasbro, Inc. (NASDAQ:HAS) rating on Tuesday, April 12. Jefferies has “Hold” rating and $76 price target. The firm has “Neutral” rating given on Tuesday, May 10 by Piper Jaffray. The stock has “Overweight” rating given by PiperJaffray on Tuesday, July 19.

According to Zacks Investment Research, “Hasbro Inc. is a worldwide leader in children’s and family leisure time and entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, KENNER, TONKA, ODDZON, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER, HASBRO INTERACTIVE, MICROPROSE, GALOOB and WIZARDS OF THE COAST brands and products provide what the company believes to be the highest quality and most recognizable play experiences in the world. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.30, from 1.48 in 2016Q1. The ratio turned negative, as 33 funds sold all Hasbro, Inc. shares owned while 161 reduced positions. 55 funds bought stakes while 173 increased positions. They now own 93.88 million shares or 5.57% less from 99.42 million shares in 2016Q1.
Qs Ltd Liability Corp has 0% invested in the company for 1,733 shares. Euclid Ltd Company, a Connecticut-based fund reported 107,662 shares. Reilly Financial Advsrs last reported 0% of its portfolio in the stock. Boston Advsr Limited Liability holds 0.36% or 173,970 shares in its portfolio. Campbell Newman Asset Inc holds 2.47% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 161,383 shares. Morgan Dempsey Management Limited Liability has 23,603 shares for 0.67% of their US portfolio. Cincinnati Communications has invested 3.47% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Anchor Advsr Ltd Liability Corp holds 1.94% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 909,952 shares. Moreover, Aperio Group Lc has 0.04% invested in Hasbro, Inc. (NASDAQ:HAS) for 54,600 shares. The United Kingdom-based Winton Cap Grp Ltd has invested 0.63% in Hasbro, Inc. (NASDAQ:HAS). State Of Tennessee Treasury Department has 152,104 shares for 0.06% of their US portfolio. Glob X Mngmt Ltd has 0.01% invested in the company for 1,560 shares. Moreover, Sandy Spring Commercial Bank has 0% invested in Hasbro, Inc. (NASDAQ:HAS) for 100 shares. Dimensional Fund Advsr Ltd Partnership reported 357,605 shares or 0.02% of all its holdings. Putnam Invests Ltd last reported 2,565 shares in the company.

Insider Transactions: Since April 20, 2016, the stock had 0 insider buys, and 8 insider sales for $16.31 million net activity. Another trade for 25,000 shares valued at $2.13 million was sold by Tinga Wiebe. 3,514 Hasbro, Inc. (NASDAQ:HAS) shares with value of $306,688 were sold by Billing Duncan. $1.73M worth of Hasbro, Inc. (NASDAQ:HAS) was sold by Finigan Barbara on Monday, April 25. The insider TRUEB MARTIN R sold $1.21 million. On Tuesday, May 24 the insider Frascotti John sold $3.15M. 205,000 shares were sold by GOLDNER BRIAN, worth $17.68 million. Another trade for 53,070 shares valued at $4.55M was sold by Thomas Deborah.

Hasbro, Inc. is a branded-play company. The company has a market cap of $10.19 billion. The Company’s operating divisions include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. It has a 21.42 P/E ratio. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.

HAS Company Profile

Hasbro, Inc. (Hasbro), incorporated on January 8, 1926, is a branded-play company. The Company’s operating divisions include the U.S. and Canada segment, the International segment, and the Entertainment and Licensing segment. From toys and games to television programming, motion pictures, digital gaming and consumer products licensing program, the Company fulfills the need for play and connection for children and families around the world. The Company, through its Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television and film. It offers entertainment offerings, including television programming and motion pictures, and products, ranging from traditional to digital, all informed by storytelling and consumer insights.

More notable recent Hasbro, Inc. (NASDAQ:HAS) news were published by: Wsj.com which released: “Hasbro Results Jump on Strength in Girls Division” on October 17, 2016, also Nasdaq.com with their article: “Hasbro Inc. Q3 Earnings Advance 29%” published on October 17, 2016, Fool.com published: “Can Hasbro Inc. Overcome This Year’s Lousy Movies?” on September 20, 2016. More interesting news about Hasbro, Inc. (NASDAQ:HAS) were released by: Marketwatch.com and their article: “US stocks open unchanged; Hasbro rallies on results” published on October 17, 2016 as well as Schaeffersresearch.com‘s news article titled: “Hasbro, Inc. (HAS) Earnings Beat Begets a Breakout” with publication date: October 17, 2016.

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