EverSource Wealth Advisors LLC Has $81,000 Position in Hasbro, Inc. (NASDAQ:HAS)

EverSource Wealth Advisors LLC boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,256 shares of the company’s stock after buying an additional 196 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Hasbro were worth $81,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HAS. Lindbrook Capital LLC raised its position in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after acquiring an additional 167 shares during the period. Plato Investment Management Ltd acquired a new stake in Hasbro in the second quarter worth $27,000. Asset Dedication LLC boosted its position in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Hasbro in the 4th quarter valued at $36,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Hasbro in the 4th quarter valued at $45,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $72.10 on Friday. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $72.79. The company’s fifty day simple moving average is $66.37 and its 200-day simple moving average is $61.21. The firm has a market cap of $10.04 billion, a PE ratio of -7.11, a P/E/G ratio of 0.53 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Analyst Ratings Changes

HAS has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. Morgan Stanley lifted their price objective on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus increased their target price on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Bank of America lifted their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

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.