Brookstone Capital Management purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,864 shares of the company’s stock, valued at approximately $237,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HAS. Ovata Capital Management Ltd bought a new position in shares of Hasbro in the 2nd quarter worth approximately $27,000. NuWave Investment Management LLC purchased a new stake in shares of Hasbro in the 2nd quarter worth approximately $53,000. WASHINGTON TRUST Co grew its stake in shares of Hasbro by 46.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 1,157 shares of the company’s stock worth $85,000 after buying an additional 365 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Hasbro by 73.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,181 shares of the company’s stock worth $89,000 after buying an additional 499 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Hasbro by 47.5% in the 2nd quarter. Assetmark Inc. now owns 1,329 shares of the company’s stock worth $100,000 after buying an additional 428 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.
In related news, Director Linda Kay Zecher sold 818 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $79.61, for a total value of $65,120.98. Following the transaction, the director now directly owns 11,940 shares of the company’s stock, valued at approximately $950,543.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is currently owned by company insiders.
Several research firms recently weighed in on HAS. DA Davidson cut their price target on Hasbro from $109.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. BMO Capital Markets upgraded Hasbro from a “market perform” rating to an “outperform” rating and increased their target price for the company from $69.00 to $90.00 in a research note on Wednesday, September 23rd. Stifel Nicolaus upgraded Hasbro from a “hold” rating to a “buy” rating and increased their target price for the company from $73.00 to $100.00 in a research note on Wednesday, September 30th. BidaskClub upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, MKM Partners increased their target price on Hasbro from $90.00 to $104.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $89.53.
HAS stock opened at $87.60 on Friday. The company has a market cap of $12.00 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 2.29 and a beta of 0.91. Hasbro, Inc. has a 1 year low of $41.33 and a 1 year high of $123.05. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.61 and a quick ratio of 1.32. The stock’s fifty day moving average price is $81.01 and its 200-day moving average price is $75.49.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, July 27th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.21). The firm had revenue of $860.30 million during the quarter, compared to analysts’ expectations of $986.51 million. Hasbro had a return on equity of 18.71% and a net margin of 7.58%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. As a group, analysts expect that Hasbro, Inc. will post 3.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.68 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.72 dividend on an annualized basis and a yield of 3.11%. Hasbro’s dividend payout ratio is currently 66.67%.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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