Empowered Funds LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,736 shares of the company's stock, valued at approximately $377,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. True Wealth Design LLC bought a new position in shares of Hasbro in the third quarter valued at about $31,000. Blue Trust Inc. raised its stake in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after acquiring an additional 299 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro during the third quarter worth approximately $40,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro during the third quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Hasbro in the third quarter valued at approximately $49,000. 91.83% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HAS has been the topic of several recent research reports. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday. Finally, Stifel Nicolaus cut their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.00.
Read Our Latest Analysis on HAS
Insider Activity
In other news, EVP Matthew Edward Austin sold 1,718 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.
Hasbro Price Performance
Shares of NASDAQ HAS traded down $1.50 during trading hours on Friday, hitting $67.56. 3,172,369 shares of the stock were exchanged, compared to its average volume of 1,509,510. The company's fifty day simple moving average is $58.31 and its two-hundred day simple moving average is $64.17. The company has a market cap of $9.42 billion, a PE ratio of -14.56, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 1-year low of $48.63 and a 1-year high of $73.46.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, sell-side analysts predict that Hasbro, Inc. will post 3.88 EPS for the current year.
Hasbro Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.14%. Hasbro's dividend payout ratio (DPR) is currently -60.34%.
About Hasbro
(
Free Report)
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.
Further Reading
Before you consider Hasbro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hasbro wasn't on the list.
While Hasbro currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
