Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 12.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,014 shares of the company’s stock after selling 437 shares during the period. Baron Wealth Management LLC’s holdings in Hasbro were worth $218,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HAS. Plato Investment Management Ltd purchased a new stake in shares of Hasbro in the 2nd quarter valued at 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 worth $28,000 after purchasing an additional 351 shares during the period. 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 worth $31,000 after purchasing an additional 299 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $46,000. Finally, Summit Securities Group LLC purchased a new position in shares of Hasbro during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.8 %

Shares of HAS opened at $61.69 on Tuesday. 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 company has a 50-day moving average of $69.01 and a two-hundred day moving average of $64.32. Hasbro, Inc. has a 12-month low of $43.74 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 earnings per share. As a group, equities research analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus raised 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. Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.