True Wealth Design LLC Takes $31,000 Position in Hasbro, Inc. (NASDAQ:HAS)

True Wealth Design LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 425 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after buying an additional 55,847 shares during the period. GW Henssler & Associates Ltd. bought a new stake in shares of Hasbro in the 3rd quarter worth about $18,163,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Hasbro by 0.7% during the 3rd 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 during the period. Atria Investments Inc bought a new position in Hasbro during the 1st quarter valued at about $1,287,000. Finally, Quest Partners LLC raised its position in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after purchasing an additional 26,337 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hasbro Stock Up 2.0 %

Shares of NASDAQ HAS opened at $65.15 on Monday. Hasbro, Inc. has a 12-month low of $45.87 and a 12-month high of $73.46. The stock’s fifty day simple moving average is $67.77 and its two-hundred day simple moving average is $64.46. The stock has a market capitalization of $9.09 billion, a PE ratio of -14.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

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 analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 earnings per share. As a group, analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

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.