Assetmark Inc. Raises Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Assetmark Inc. grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,274 shares of the company’s stock after purchasing an additional 397 shares during the quarter. Assetmark Inc.’s holdings in Hasbro were worth $2,189,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp increased its position in shares of Hasbro by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after purchasing an additional 299 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Hasbro by 39.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,739 shares of the company’s stock valued at $777,000 after buying an additional 3,897 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Hasbro by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after buying an additional 8,280 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Hasbro by 7.8% during the 1st 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 in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Hasbro by 6.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 142,476 shares of the company’s stock valued at $8,053,000 after acquiring an additional 8,566 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 1.0 %

Shares of NASDAQ HAS opened at $62.79 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 1 year low of $43.74 and a 1 year high of $73.46. The stock’s 50-day simple moving average is $69.29 and its 200-day simple moving average is $64.30. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of -13.53, a PEG ratio of 0.59 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business 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 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given 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 4.46%. Hasbro’s dividend payout ratio is currently -60.34%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HAS. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson lifted their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on shares of Hasbro from $78.00 to $82.00 and gave the company 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

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.