Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Hasbro, Inc. (NASDAQ:HAS) by 31.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,814 shares of the company’s stock after acquiring an additional 2,810 shares during the quarter. HighTower Advisors LLC’s holdings in Hasbro were worth $855,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in Hasbro by 23.9% in the second quarter. Raymond James & Associates now owns 138,298 shares of the company’s stock valued at $8,090,000 after purchasing an additional 26,673 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Hasbro by 0.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 181,483 shares of the company’s stock worth $10,617,000 after buying an additional 1,086 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Hasbro by 24.5% during the second quarter. Fifth Third Bancorp now owns 6,213 shares of the company’s stock worth $363,000 after buying an additional 1,221 shares in the last quarter. Shelter Ins Retirement Plan increased its stake in shares of Hasbro by 94.3% in the second quarter. Shelter Ins Retirement Plan now owns 23,700 shares of the company’s stock worth $1,386,000 after buying an additional 11,500 shares during the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Hasbro by 38.7% in the second quarter. Raymond James Trust N.A. now owns 14,320 shares of the company’s stock valued at $838,000 after acquiring an additional 3,996 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group upped their price objective on 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 target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.67.

Hasbro Trading Down 3.4 %

NASDAQ:HAS opened at $58.11 on Thursday. The firm has a market capitalization of $8.11 billion, a P/E ratio of -12.52, a P/E/G ratio of 0.60 and a beta of 0.62. The business has a 50 day simple moving average of $65.62 and a 200 day simple moving average of $64.72. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a 12-month low of $46.09 and a 12-month high of $73.46.

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, beating the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.82%. Hasbro’s payout ratio is currently -60.34%.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.