Wealth Advisors of Tampa Bay LLC Purchases 295 Shares of Hasbro, Inc. (NASDAQ:HAS)

Wealth Advisors of Tampa Bay LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,302 shares of the company’s stock after buying an additional 295 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Hasbro were worth $2,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its position in Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the last quarter. Swedbank AB bought a new position in shares of Hasbro in the first quarter valued at $82,523,000. Norges Bank acquired a new position in Hasbro during the fourth quarter worth $70,544,000. Dimensional Fund Advisors LP raised its position in Hasbro by 26.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock worth $73,593,000 after acquiring an additional 300,420 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Hasbro by 4,052.6% in the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after acquiring an additional 281,454 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Stifel Nicolaus boosted their price target on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America raised their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. DA Davidson reissued a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Finally, Morgan Stanley increased their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Stock Up 0.9 %

HAS opened at $71.82 on Friday. The stock has a fifty day moving average of $65.26 and a 200-day moving average of $60.50. The company has a market capitalization of $10.00 billion, a P/E ratio of -7.08, a P/E/G ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $72.25. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was down 17.7% on a year-over-year basis. On average, equities analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio is currently -27.61%.

Hasbro Company 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.