Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 31.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,814 shares of the company’s stock after purchasing an additional 2,810 shares during the period. HighTower Advisors LLC’s holdings in Hasbro were worth $855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Hasbro by 23.9% in the 2nd quarter. Raymond James & Associates now owns 138,298 shares of the company’s stock worth $8,090,000 after buying an additional 26,673 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Hasbro by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 181,483 shares of the company’s stock worth $10,617,000 after acquiring an additional 1,086 shares during the period. Fifth Third Bancorp raised its position in Hasbro by 24.5% in the second quarter. Fifth Third Bancorp now owns 6,213 shares of the company’s stock worth $363,000 after acquiring an additional 1,221 shares in the last quarter. Shelter Ins Retirement Plan lifted its holdings in Hasbro by 94.3% in the 2nd quarter. Shelter Ins Retirement Plan now owns 23,700 shares of the company’s stock valued at $1,386,000 after acquiring an additional 11,500 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Hasbro by 38.7% during the 2nd quarter. Raymond James Trust N.A. now owns 14,320 shares of the company’s stock valued at $838,000 after purchasing an additional 3,996 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Down 3.4 %

NASDAQ:HAS opened at $58.11 on Thursday. The business’s fifty day moving average price is $65.62 and its 200 day moving average price is $64.72. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -12.52, a PEG ratio of 0.60 and a beta of 0.62. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 EPS. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced 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. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

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.