Virtu Financial LLC Purchases Shares of 6,928 Hasbro, Inc. (NASDAQ:HAS)

Virtu Financial LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, Holdings Channel reports. The institutional investor purchased 6,928 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of Hasbro during the 2nd quarter worth about $27,000. Asset Dedication LLC raised its position in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Hasbro during the 3rd quarter worth about $31,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Down 3.6 %

Shares of HAS stock opened at $61.76 on Monday. The business’s 50 day moving average is $66.38 and its two-hundred day moving average is $64.76. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The company has a market capitalization of $8.62 billion, a P/E ratio of -13.31, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. 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 (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $1.64 EPS. The company’s revenue was down 14.8% on a year-over-year basis. Equities analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

HAS has been the topic of several research analyst reports. Morgan Stanley raised their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised 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. Jefferies Financial Group raised 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 raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.