Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Fmr LLC

Fmr LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,867 shares of the company’s stock after purchasing an additional 1,730 shares during the quarter. Fmr LLC’s holdings in Hasbro were worth $1,003,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in Hasbro by 266.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,264 shares of the company’s stock valued at $1,393,000 after purchasing an additional 14,002 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Hasbro by 33.9% in the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock valued at $228,000 after buying an additional 799 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Hasbro by 15.5% during the 3rd quarter. Cerity Partners LLC now owns 185,489 shares of the company’s stock worth $13,415,000 after buying an additional 24,888 shares during the last quarter. Citigroup Inc. grew its stake in Hasbro by 18.3% in the 3rd quarter. Citigroup Inc. now owns 144,443 shares of the company’s stock valued at $10,446,000 after acquiring an additional 22,354 shares during the last quarter. Finally, Raymond James Trust N.A. increased its holdings in Hasbro by 7.4% during the 3rd quarter. Raymond James Trust N.A. now owns 15,373 shares of the company’s stock valued at $1,112,000 after acquiring an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

HAS opened at $60.82 on Tuesday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The company’s 50 day simple moving average is $66.14 and its 200 day simple moving average is $64.76. The stock has a market capitalization of $8.48 billion, a PE ratio of -13.11, a P/E/G ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 EPS. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.60%. Hasbro’s dividend payout ratio is presently -60.34%.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on HAS. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. 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. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, DA Davidson raised their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.67.

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.