122,566 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,566 shares of the company's stock, valued at approximately $8,864,000. Moran Wealth Management LLC owned about 0.09% of Hasbro as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of HAS. Plato Investment Management Ltd acquired a new position in Hasbro during the second quarter worth about $27,000. Asset Dedication LLC boosted its position in Hasbro by 290.1% in the 2nd 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. grew its stake in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Hasbro during the second quarter worth approximately $46,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Hasbro in the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of HAS traded up $0.10 during trading hours on Thursday, reaching $61.95. 963,107 shares of the company's stock traded hands, compared to its average volume of 1,621,885. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of -13.33, a P/E/G ratio of 0.57 and a beta of 0.63. The business's fifty day simple moving average is $68.66 and its two-hundred day simple moving average is $64.30. Hasbro, Inc. has a twelve month low of $44.85 and a twelve month 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 issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 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 firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the business earned $1.64 earnings per share. Hasbro's revenue for the quarter was down 14.8% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.52%. Hasbro's dividend payout ratio is currently -60.34%.

Analyst Upgrades and Downgrades

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