Graypoint LLC Acquires 404 Shares of Hasbro, Inc. (NASDAQ:HAS)

Graypoint LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,038 shares of the company’s stock after acquiring an additional 404 shares during the quarter. Graypoint LLC’s holdings in Hasbro were worth $617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in shares of Hasbro in the third quarter worth approximately $31,000. Blue Trust Inc. boosted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Hasbro during the second quarter worth $27,000. Itau Unibanco Holding S.A. bought a new position in Hasbro during the third quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Hasbro in the third quarter valued at $45,000. 91.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus dropped their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, DA Davidson raised their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Price Performance

HAS stock opened at $57.04 on Friday. The company has a market capitalization of $7.96 billion, a P/E ratio of -12.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The business has a 50-day simple moving average of $61.33 and a two-hundred day simple moving average of $64.38. 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 results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion during 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%. Hasbro’s revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. Research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s payout ratio is -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 on 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.

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.