Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,932 shares of the company’s stock after buying an additional 1,470 shares during the period. WASHINGTON TRUST Co’s holdings in Hasbro were worth $7,299,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HAS. Swedbank AB purchased a new stake in Hasbro in the 1st quarter valued at approximately $82,523,000. Samlyn Capital LLC boosted its stake in shares of Hasbro by 87.4% in the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares in the last quarter. AQR Capital Management LLC grew its holdings in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after acquiring an additional 565,645 shares during the period. Smith Group Asset Management LLC acquired a new stake in Hasbro in the third quarter valued at $32,032,000. Finally, SG Americas Securities LLC boosted its position in shares of Hasbro by 4,052.6% during the 1st quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock worth $16,300,000 after purchasing an additional 281,454 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HAS. Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson increased their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.80.

Hasbro Trading Up 0.6 %

NASDAQ:HAS traded up $0.38 on Wednesday, reaching $66.01. The stock had a trading volume of 262,110 shares, compared to its average volume of 1,632,834. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a market cap of $9.19 billion, a price-to-earnings ratio of -6.47, a P/E/G ratio of 0.53 and a beta of 0.61. The firm’s fifty day moving average is $69.82 and its two-hundred day moving average is $63.83. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. Hasbro’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 earnings per share. Equities analysts expect that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.24%. Hasbro’s dividend payout ratio is presently -27.61%.

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.