Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Partnership Wealth Management LLC

Partnership Wealth Management LLC decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 90.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420 shares of the company’s stock after selling 4,090 shares during the quarter. Partnership Wealth Management LLC’s holdings in Hasbro were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. FCF Advisors LLC boosted its holdings in Hasbro by 55.2% in the third quarter. FCF Advisors LLC now owns 16,479 shares of the company’s stock valued at $1,192,000 after purchasing an additional 5,861 shares during the last quarter. Axiom Advisory LLC boosted its stake in shares of Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after buying an additional 170 shares during the last quarter. Mather Group LLC. raised its position in Hasbro by 56.7% during the third quarter. Mather Group LLC. now owns 804 shares of the company’s stock valued at $58,000 after acquiring an additional 291 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hasbro by 59.7% in the third quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $227,000 after acquiring an additional 1,173 shares during the period. Finally, Czech National Bank boosted its position in Hasbro by 7.0% in the 3rd quarter. Czech National Bank now owns 26,694 shares of the company’s stock worth $1,931,000 after purchasing an additional 1,757 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HAS shares. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Bank of America lifted their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley raised their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.73.

Hasbro Stock Down 0.5 %

NASDAQ HAS opened at $72.11 on Wednesday. The business has a fifty day moving average price of $68.10 and a 200 day moving average price of $62.35. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The company has a market cap of $10.04 billion, a P/E ratio of -7.11, a P/E/G ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its earnings results 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 positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. During the same period in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date was Wednesday, August 21st. Hasbro’s 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.