Fmr LLC Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Fmr LLC increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,867 shares of the company’s stock after acquiring an additional 1,730 shares during the period. Fmr LLC’s holdings in Hasbro were worth $1,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. International Assets Investment Management LLC raised its position in Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Hasbro in the third quarter valued at approximately $18,163,000. Charles Schwab Investment Management Inc. raised its holdings in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares in the last quarter. Quest Partners LLC lifted its stake in Hasbro by 972.6% in the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after acquiring an additional 26,337 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Hasbro by 33.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after acquiring an additional 799 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HAS. Stifel Nicolaus raised their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. DA Davidson raised 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. Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two equities 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 stock has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Down 1.5 %

Shares of NASDAQ HAS opened at $60.82 on Tuesday. The business has a 50-day moving average price of $66.14 and a 200 day moving average price of $64.76. The stock has a market cap of $8.48 billion, a PE ratio of -13.11, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data 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. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were issued a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.60%. Hasbro’s payout ratio is -60.34%.

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.