US Bancorp DE Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

US Bancorp DE raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,157 shares of the company’s stock after buying an additional 1,351 shares during the quarter. US Bancorp DE’s holdings in Hasbro were worth $1,892,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in Hasbro during the second quarter worth approximately $27,000. Asset Dedication LLC boosted its position in shares of 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 acquiring an additional 351 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 299 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Hasbro in the second quarter valued at about $46,000. Finally, Summit Securities Group LLC acquired a new stake in Hasbro during the second quarter worth about $47,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus raised 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. Jefferies Financial Group upped 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 raised their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Price Performance

Shares of Hasbro stock opened at $63.49 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The business has a 50-day moving average of $69.60 and a 200 day moving average of $64.22. Hasbro, Inc. has a 12 month low of $42.66 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is currently -60.34%.

About Hasbro

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.