Virtu Financial LLC Invests $501,000 in Hasbro, Inc. (NASDAQ:HAS)

Virtu Financial LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,928 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Hasbro in the 3rd quarter valued at $31,000. Blue Trust Inc. raised its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Hasbro in the 2nd quarter valued at $27,000. Asset Dedication LLC raised its stake 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 purchasing an additional 351 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter valued at $40,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

NASDAQ HAS opened at $61.76 on Monday. The stock has a market cap of $8.62 billion, a PE ratio of -13.31, a P/E/G 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, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The stock has a fifty day simple moving average of $66.38 and a 200-day simple moving average of $64.76.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned $1.64 EPS. Hasbro’s revenue was down 14.8% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HAS shares. Jefferies Financial Group upped their target price on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped 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. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This 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 this hyperlink. 0.82% of the stock is 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.