Diversified Trust Co Makes New $566,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Diversified Trust Co purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,118 shares of the company's stock, valued at approximately $566,000.

A number of other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Hasbro by 3.9% in the third quarter. Principal Financial Group Inc. now owns 153,904 shares of the company's stock worth $11,130,000 after buying an additional 5,771 shares during the last quarter. American Trust bought a new stake in Hasbro in the third quarter worth approximately $634,000. Optimist Retirement Group LLC acquired a new position in shares of Hasbro during the 3rd quarter worth $280,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro during the 3rd quarter valued at $45,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,674 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,396,029.68. This represents 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 accessible through the SEC website. 0.82% of the stock is currently owned by company insiders.

Hasbro Price Performance

NASDAQ HAS traded down $0.07 on Friday, hitting $57.04. 1,167,880 shares of the company were exchanged, compared to its average volume of 1,419,247. 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 company has a market cap of $7.96 billion, a P/E ratio of -12.29, a P/E/G ratio of 0.57 and a beta of 0.64. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The firm has a 50 day moving average of $61.33 and a two-hundred day moving average of $64.38.

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, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for 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 business's revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 EPS. On average, equities analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date was Wednesday, November 20th. Hasbro's dividend payout ratio (DPR) is -60.34%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HAS shares. DA Davidson increased their price target on Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Bank of America lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Jefferies Financial Group increased their target price on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and a consensus target price of $80.11.

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.