Diversified Trust Co Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Diversified Trust Co bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,118 shares of the company’s stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HAS. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after acquiring an additional 135,548 shares in the last quarter. Samlyn Capital LLC grew its stake in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after purchasing an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in Hasbro by 9,806.9% in the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after buying an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Hasbro by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock worth $58,210,000 after buying an additional 97,039 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Down 0.1 %

HAS stock opened at $57.04 on Friday. The firm has a market capitalization of $7.96 billion, a PE ratio of -12.29, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The stock’s 50 day moving average is $61.33 and its 200-day moving average is $64.35.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating 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 business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $1.64 EPS. The business’s revenue was down 14.8% on a year-over-year basis. Sell-side analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.91%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HAS shares. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Jefferies Financial Group increased their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson raised their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America upped their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.11.

Insiders Place Their Bets

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by insiders.

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.