National Bank of Canada FI Acquires 16,809 Shares of Hasbro, Inc. (NASDAQ:HAS)

National Bank of Canada FI grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 47.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,596 shares of the company's stock after purchasing an additional 16,809 shares during the period. National Bank of Canada FI's holdings in Hasbro were worth $3,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HAS. True Wealth Design LLC purchased a new stake in shares of Hasbro in the 3rd quarter worth approximately $31,000. Blue Trust Inc. grew 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. Plato Investment Management Ltd bought a new position in shares of Hasbro during the second quarter valued at $27,000. Asset Dedication LLC raised its position in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company's stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Hasbro in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

HAS stock traded down $2.29 during midday trading on Friday, reaching $61.76. 1,971,915 shares of the company's stock traded hands, compared to its average volume of 1,621,747. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The stock has a market cap of $8.62 billion, a P/E ratio of -13.40, a PEG ratio of 0.60 and a beta of 0.62. The stock's 50-day moving average is $66.59 and its 200 day moving average is $64.70.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro's revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. As a group, analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The business 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 was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. Hasbro's payout ratio is currently -60.34%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Bank of America upped their price objective on Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.67.

Insider Activity at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm'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 transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal 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 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.