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

WASHINGTON TRUST Co lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,932 shares of the company’s stock after purchasing an additional 1,470 shares during the quarter. WASHINGTON TRUST Co owned about 0.07% of Hasbro worth $7,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after purchasing an additional 21,204 shares during the period. Intech Investment Management LLC grew its position in shares of Hasbro by 351.7% during the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after buying an additional 19,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hasbro by 95.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after acquiring an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Hasbro by 7.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock worth $8,149,000 after acquiring an additional 10,961 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Hasbro by 7,141.6% in the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after acquiring an additional 55,847 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” 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. Finally, Jefferies Financial Group upped their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $77.80.

Hasbro Stock Performance

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. The stock has a market cap of $9.19 billion, a P/E ratio of -6.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The business’s 50-day moving average price is $69.82 and its 200 day moving average price is $63.83. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, equities analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.24%. Hasbro’s dividend payout ratio (DPR) is -27.61%.

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.