Sanctuary Advisors LLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,367 shares of the company’s stock, valued at approximately $604,000.
Several other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC raised its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Hasbro in the 2nd quarter valued at approximately $46,000. Summit Securities Group LLC purchased a new position in shares of Hasbro in the 2nd quarter worth approximately $47,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Hasbro by 1,352.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,060 shares of the company’s stock valued at $65,000 after purchasing an additional 987 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.
Wall Street Analysts Forecast Growth
HAS has been the subject of a number of analyst reports. Stifel Nicolaus raised their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Bank of America increased their target price on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Jefferies Financial Group upped their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson reiterated a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.73.
Hasbro Price Performance
NASDAQ HAS opened at $71.57 on Tuesday. The company has a market cap of $9.96 billion, a PE ratio of -7.06, a P/E/G ratio of 0.54 and a beta of 0.61. The firm’s 50 day moving average price is $68.75 and its 200-day moving average price is $62.81. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.46.
Hasbro (NASDAQ:HAS – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Sell-side analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.
Hasbro Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.
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.
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