Aaron Wealth Advisors LLC Purchases New Shares in Hasbro, Inc. $HAS

Aaron Wealth Advisors LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,667 shares of the company’s stock, valued at approximately $961,000.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE increased its position in Hasbro by 128.7% in the second quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after purchasing an additional 1,677,962 shares during the period. Norges Bank acquired a new position in Hasbro in the second quarter valued at about $123,710,000. AQR Capital Management LLC boosted its holdings in Hasbro by 95.7% during the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after buying an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP bought a new position in Hasbro during the second quarter worth about $77,471,000. Finally, Marshall Wace LLP grew its position in shares of Hasbro by 15.1% during the 2nd quarter. Marshall Wace LLP now owns 2,634,857 shares of the company’s stock worth $194,505,000 after buying an additional 346,637 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup increased their price target on shares of Hasbro from $91.00 to $97.00 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 stock a “buy” rating in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. UBS Group upped their price objective on Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $94.00 price objective on shares of Hasbro in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $89.92.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares in the company, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.85% of the company’s stock.

Hasbro Stock Up 1.2%

Hasbro stock opened at $81.35 on Thursday. The company’s 50-day moving average price is $78.21 and its two-hundred day moving average price is $76.45. The stock has a market cap of $11.42 billion, a P/E ratio of -20.29, a P/E/G ratio of 1.57 and a beta of 0.55. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $85.14. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.35 billion. During the same quarter last year, the business earned $1.73 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

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

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.