Atria Investments Inc Cuts Holdings in Hasbro, Inc. (NASDAQ:HAS)

Atria Investments Inc lessened its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 59.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,806 shares of the company's stock after selling 9,960 shares during the quarter. Atria Investments Inc's holdings in Hasbro were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC increased its holdings in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company's stock valued at $28,000 after buying an additional 351 shares during the period. Blue Trust Inc. raised its stake in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after buying an additional 299 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Hasbro during the second quarter worth $46,000. Finally, Summit Securities Group LLC purchased a new stake in Hasbro during the second quarter worth $47,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. DA Davidson raised their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus increased their target price on shares of Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and an average target price of $80.67.

Hasbro Stock Performance

NASDAQ HAS opened at $61.85 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The stock has a market cap of $8.63 billion, a PE ratio of -13.33, a P/E/G ratio of 0.57 and a beta of 0.63. The stock has a fifty day simple moving average of $68.77 and a 200-day simple moving average of $64.32. Hasbro, Inc. has a twelve month low of $43.74 and a twelve month high of $73.46.

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

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro's dividend payout ratio (DPR) is currently -60.34%.

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.