Thrivent Financial for Lutherans Purchases 4,617 Shares of Hasbro, Inc. (NASDAQ:HAS)

Thrivent Financial for Lutherans grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,983 shares of the company’s stock after buying an additional 4,617 shares during the period. Thrivent Financial for Lutherans’ holdings in Hasbro were worth $4,049,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after buying an additional 55,847 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of Hasbro during the 3rd quarter worth $18,163,000. Russell Investments Group Ltd. increased its position in shares of Hasbro by 43.0% in the first quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock worth $1,557,000 after purchasing an additional 8,280 shares during the period. Atria Investments Inc acquired a new position in Hasbro in the first quarter valued at about $1,287,000. Finally, Bayesian Capital Management LP lifted its position in Hasbro by 333.9% during the first quarter. Bayesian Capital Management LP now owns 40,700 shares of the company’s stock worth $2,300,000 after purchasing an additional 31,320 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 1.0 %

Shares of HAS stock opened at $62.52 on Monday. Hasbro, Inc. has a fifty-two week low of $44.85 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The stock has a 50 day simple moving average of $68.43 and a two-hundred day simple moving average of $64.34. The company has a market cap of $8.72 billion, a P/E ratio of -13.47, a PEG ratio of 0.57 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company posted $1.64 earnings per share. The business’s quarterly revenue was down 14.8% on a year-over-year basis. Research analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. Hasbro’s dividend payout ratio is -60.34%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAS. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.67.

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.