Advisors Asset Management Inc. Has $757,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Advisors Asset Management Inc. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 306.8% during the 3rd quarter, Holdings Channel reports. The firm owned 10,462 shares of the company’s stock after acquiring an additional 7,890 shares during the period. Advisors Asset Management Inc.’s holdings in Hasbro were worth $757,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank increased its stake in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares in the last quarter. Axiom Advisory LLC increased its position in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after buying an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after buying an additional 179 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its stake in Hasbro by 4.6% in the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after acquiring an additional 217 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

NASDAQ:HAS opened at $64.00 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a fifty day simple moving average of $68.19 and a 200 day simple moving average of $64.39. Hasbro, Inc. has a 1-year low of $44.85 and a 1-year high of $73.46. The stock has a market capitalization of $8.93 billion, a PE ratio of -13.79, a P/E/G ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. Hasbro’s payout ratio is -60.34%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.67.

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.