Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 185,489 shares of the company’s stock after purchasing an additional 24,888 shares during the period. Cerity Partners LLC’s holdings in Hasbro were worth $13,415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Hasbro in the second quarter valued at approximately $27,000. Asset Dedication LLC lifted its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Hasbro during the third quarter worth approximately $49,000. Finally, Huntington National Bank grew its stake in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HAS. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus increased their price objective on shares of 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 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. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Stock Performance

Shares of Hasbro stock opened at $64.35 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. Hasbro, Inc. has a 1 year low of $44.85 and a 1 year high of $73.46. The firm’s 50-day simple moving average is $68.32 and its 200-day simple moving average is $64.37. The firm has a market cap of $8.98 billion, a PE ratio of -13.87, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Equities analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -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.