Wealth Enhancement Advisory Services LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the third quarter, HoldingsChannel.com reports. The fund bought 13,990 shares of the company’s stock, valued at approximately $1,012,000.

A number of other hedge funds have also recently modified their holdings of HAS. Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after purchasing an additional 135,548 shares during the period. Samlyn Capital LLC boosted its holdings 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 purchasing an additional 855,099 shares during the period. Swedbank AB purchased a new stake in shares of Hasbro in the first quarter valued at approximately $82,523,000. Point72 Asset Management L.P. boosted its holdings in shares of Hasbro by 43.2% in the second quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company’s stock valued at $41,407,000 after purchasing an additional 213,664 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the period. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $66.96 on Wednesday. The business’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $64.22. The company has a market cap of $9.34 billion, a PE ratio of -14.43, a PEG ratio of 0.61 and a beta of 0.63. 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 12-month low of $42.66 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. Analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company 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. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group upped their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus upped their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target 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.