Ashton Thomas Securities LLC Invests $49,000 in Hasbro, Inc. (NASDAQ:HAS)

Ashton Thomas Securities LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 671 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds have also bought and sold shares of HAS. Swedbank AB purchased a new stake in shares of Hasbro in the first quarter worth $82,523,000. Samlyn Capital LLC boosted its holdings in Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after buying an additional 855,099 shares during the period. AQR Capital Management LLC increased its stake in Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares in the last quarter. Smith Group Asset Management LLC bought a new stake in Hasbro during the third quarter valued at about $32,032,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Hasbro in the third quarter valued at about $18,163,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $62.79 on Thursday. The company’s 50-day moving average price is $69.29 and its 200-day moving average price is $64.30. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company has a market cap of $8.76 billion, a PE ratio of -13.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.63. Hasbro, Inc. has a twelve month low of $43.74 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $1.64 earnings per share. The firm’s revenue was down 14.8% on a year-over-year basis. On average, equities research analysts forecast 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 will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.46%. Hasbro’s payout ratio is presently -60.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus increased their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America raised their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

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.