American Trust Takes Position in Hasbro, Inc. (NASDAQ:HAS)

American Trust bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,770 shares of the company's stock, valued at approximately $634,000.

A number of other large investors have also bought and sold shares of HAS. Optimist Retirement Group LLC bought a new stake in shares of Hasbro in the third quarter valued at approximately $280,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro in the 3rd quarter valued at approximately $45,000. Sanctuary Advisors LLC grew its stake in Hasbro by 17.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,041 shares of the company's stock valued at $798,000 after buying an additional 1,674 shares in the last quarter. Virtu Financial LLC bought a new stake in Hasbro during the 3rd quarter valued at $501,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Hasbro by 4.0% during the third quarter. TD Private Client Wealth LLC now owns 52,931 shares of the company's stock worth $3,828,000 after acquiring an additional 2,023 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the business'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 directly owns 36,828 shares of the company's stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.82% of the stock is currently owned by insiders.

Hasbro Price Performance

HAS stock traded down $2.29 during midday trading on Friday, reaching $61.76. The company had a trading volume of 1,971,965 shares, compared to its average volume of 1,621,747. The firm has a 50-day moving average price of $66.38 and a 200-day moving average price of $64.71. The company has a market capitalization of $8.62 billion, a P/E ratio of -13.31, a P/E/G ratio of 0.60 and a beta of 0.62. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. 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 (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm's quarterly revenue was down 14.8% compared to the same quarter last year. On average, research analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. Hasbro's dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAS. DA Davidson lifted their price target on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Morgan Stanley lifted their target price on Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.