Hasbro, Inc. $HAS Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,893 shares of the company’s stock after purchasing an additional 5,856 shares during the period. Cetera Investment Advisers owned about 0.05% of Hasbro worth $5,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Hasbro by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock worth $1,012,374,000 after buying an additional 105,624 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock worth $140,652,000 after acquiring an additional 227,477 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hasbro by 7.4% during the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock valued at $87,499,000 after acquiring an additional 98,425 shares during the period. Deutsche Bank AG raised its holdings in shares of Hasbro by 15.3% during the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock valued at $79,312,000 after acquiring an additional 170,749 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Hasbro by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock valued at $74,856,000 after acquiring an additional 27,547 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 3.2%

NASDAQ HAS opened at $79.20 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The firm’s fifty day simple moving average is $75.87 and its 200-day simple moving average is $74.53. The company has a market capitalization of $11.11 billion, a PE ratio of -19.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. Hasbro’s dividend payout ratio is currently -69.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup lifted their price objective on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Roth Capital set a $96.00 price objective on Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.33.

Insider Activity at Hasbro

In other news, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the transaction, the director owned 17,102 shares in the company, valued at $1,320,958.48. This represents a 18.96% decrease in their position. The SEC filing for this sale provides additional information. 0.85% of the stock is currently owned by company insiders.

Hasbro 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.