Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,435 shares of the company’s stock after purchasing an additional 378 shares during the quarter. M&T Bank Corp’s holdings in Hasbro were worth $682,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of Hasbro by 12.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 3,367 shares of the company’s stock worth $244,000 after buying an additional 379 shares during the last quarter. National Bank of Canada FI lifted its position in Hasbro by 47.0% during the 3rd quarter. National Bank of Canada FI now owns 52,596 shares of the company’s stock worth $3,804,000 after acquiring an additional 16,809 shares during the period. Castleark Management LLC lifted its position in Hasbro by 30.4% during the 3rd quarter. Castleark Management LLC now owns 100,840 shares of the company’s stock worth $7,293,000 after acquiring an additional 23,480 shares during the period. Wellington Management Group LLP purchased a new position in shares of Hasbro in the 3rd quarter valued at approximately $3,080,000. Finally, Weiss Asset Management LP acquired a new position in shares of Hasbro in the third quarter valued at approximately $6,930,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HAS shares. Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America lifted their target price 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. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson lifted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group boosted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro 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 completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $60.82 on Tuesday. The business has a 50 day moving average price of $66.14 and a 200 day moving average price of $64.76. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $8.48 billion, a P/E ratio of -13.11, a PEG ratio of 0.60 and a beta of 0.62. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business’s revenue was down 14.8% on a year-over-year basis. Sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were given a $0.70 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.60%. Hasbro’s dividend payout ratio is presently -60.34%.

About Hasbro

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.