Adams Wealth Management Makes New $517,000 Investment in Hasbro, Inc. $HAS

Adams Wealth Management bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,009 shares of the company’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. CYBER HORNET ETFs LLC purchased a new stake in Hasbro in the second quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro in the 2nd quarter valued at about $28,000. Pittenger & Anderson Inc. purchased a new stake in shares of Hasbro in the 2nd quarter worth approximately $35,000. IFP Advisors Inc lifted its position in shares of Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after purchasing an additional 543 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Hasbro by 36.7% during the second quarter. NewEdge Advisors LLC now owns 686 shares of the company’s stock valued at $51,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 2.9%

NASDAQ:HAS opened at $81.55 on Monday. The company has a market capitalization of $11.44 billion, a P/E ratio of -20.34, a PEG ratio of 1.59 and a beta of 0.55. 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 12 month low of $49.00 and a 12 month high of $85.14. The firm has a fifty day simple moving average of $77.86 and a 200-day simple moving average of $76.22.

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

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors 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 dividend on an annualized basis and a yield of 3.4%. Hasbro’s dividend payout ratio is currently -69.83%.

Insiders Place Their Bets

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HAS shares. Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group raised their price objective on Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Bank of America lifted their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Seaport Res Ptn raised shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.92.

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.