3,873 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,873 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HAS. Plato Investment Management Ltd acquired a new position in Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. lifted its position in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC acquired a new position in Hasbro during the 3rd quarter valued at about $31,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Hasbro during the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS stock traded down $0.19 during trading hours on Thursday, hitting $64.19. 92,586 shares of the stock were exchanged, compared to its average volume of 1,611,693. 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 market capitalization of $8.95 billion, a P/E ratio of -13.88, a P/E/G ratio of 0.61 and a beta of 0.62. The company has a 50-day simple moving average of $66.74 and a two-hundred day simple moving average of $64.70. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last posted 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 positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $1.64 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus increased their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note 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 research note on Friday, October 25th. Jefferies Financial Group increased their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Insider Buying and Selling at Hasbro

In other 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 sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.82% of the company’s stock.

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.