Blue Trust Inc. Buys 299 Shares of Hasbro, Inc. (NASDAQ:HAS)

Blue Trust Inc. raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 224.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 432 shares of the company’s stock after acquiring an additional 299 shares during the period. Blue Trust Inc.’s holdings in Hasbro were worth $31,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HAS. Stratos Wealth Advisors LLC grew its holdings in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in shares of Hasbro during the third quarter worth $225,000. Cardinal Capital Management grew its holdings in shares of Hasbro by 2.6% during the third quarter. Cardinal Capital Management now owns 78,271 shares of the company’s stock worth $5,661,000 after purchasing an additional 2,007 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Hasbro by 16.0% during the third quarter. Bleakley Financial Group LLC now owns 9,928 shares of the company’s stock worth $718,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Hasbro by 4.5% during the third quarter. Sound Income Strategies LLC now owns 156,191 shares of the company’s stock worth $11,296,000 after purchasing an additional 6,773 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Up 0.3 %

NASDAQ:HAS opened at $65.82 on Friday. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.46. The business’s 50-day moving average price is $69.76 and its two-hundred day moving average price is $64.00. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of -14.19, a PEG ratio of 0.61 and a beta of 0.63.

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

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group increased their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two equities 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 presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

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.