WBI Investments Inc. Takes $3.25 Million Position in Hasbro, Inc. (NASDAQ:HAS)

WBI Investments Inc. bought a new stake in Hasbro, Inc. (NASDAQ:HASFree Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 49,208 shares of the company’s stock, valued at approximately $3,254,000.

Other large investors have also modified their holdings of the company. Deutsche Bank AG grew its stake in Hasbro by 39.7% during the 3rd quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock valued at $83,052,000 after purchasing an additional 356,718 shares in the last quarter. Greenleaf Trust grew its stake in Hasbro by 8.4% during the 3rd quarter. Greenleaf Trust now owns 6,293 shares of the company’s stock valued at $416,000 after purchasing an additional 489 shares in the last quarter. Liontrust Investment Partners LLP grew its stake in Hasbro by 50.3% during the 3rd quarter. Liontrust Investment Partners LLP now owns 286,246 shares of the company’s stock valued at $18,933,000 after purchasing an additional 95,777 shares in the last quarter. Blair William & Co. IL lifted its holdings in Hasbro by 13.0% during the 3rd quarter. Blair William & Co. IL now owns 25,363 shares of the company’s stock worth $1,678,000 after buying an additional 2,923 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Hasbro by 6.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,304,296 shares of the company’s stock worth $86,266,000 after buying an additional 76,415 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HAS shares. The Goldman Sachs Group reduced their target price on Hasbro from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. Citigroup started coverage on Hasbro in a report on Friday, October 20th. They set a “neutral” rating and a $62.00 target price on the stock. DA Davidson downgraded Hasbro from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $53.00 in a report on Tuesday, January 2nd. Bank of America reaffirmed a “neutral” rating and set a $53.00 target price (down previously from $90.00) on shares of Hasbro in a report on Friday, October 27th. Finally, Morgan Stanley cut their price target on Hasbro from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.67.

Read Our Latest Stock Analysis on Hasbro

Hasbro Trading Up 0.3 %

Shares of Hasbro stock opened at $50.74 on Monday. The business’s fifty day moving average price is $49.65 and its two-hundred day moving average price is $55.70. The company has a quick ratio of 1.30, a current ratio of 1.60 and a debt-to-equity ratio of 1.64. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend is Wednesday, January 31st. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Hasbro Company Profile

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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