9,367 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,367 shares of the company’s stock, valued at approximately $604,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAS. Plato Investment Management Ltd purchased a new position in shares of Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC grew its holdings in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. International Assets Investment Management LLC purchased a new position in Hasbro during the second quarter valued at approximately $46,000. Summit Securities Group LLC acquired a new position in Hasbro in the second quarter valued at approximately $47,000. Finally, EverSource Wealth Advisors LLC boosted its position in Hasbro by 1,352.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,060 shares of the company’s stock worth $65,000 after purchasing an additional 987 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAS. Morgan Stanley lifted their target price on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stifel Nicolaus lifted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America increased their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Four 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.73.

Hasbro Trading Down 0.8 %

HAS stock opened at $71.57 on Tuesday. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The business’s 50-day moving average is $68.75 and its 200 day moving average is $62.81. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -7.06, a PEG ratio of 0.54 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

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.