Larson Financial Group LLC Grows Holdings in Hasbro, Inc. (NASDAQ:HAS)

Larson Financial Group LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 33.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,159 shares of the company’s stock after buying an additional 799 shares during the period. Larson Financial Group LLC’s holdings in Hasbro were worth $228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in Hasbro during the 2nd quarter worth $27,000. Asset Dedication LLC grew its holdings in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares in the last quarter. Blue Trust Inc. grew its holdings in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Hasbro during the 2nd quarter worth $46,000. Finally, Summit Securities Group LLC acquired a new position in Hasbro during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HAS shares. DA Davidson raised 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. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Trading Down 0.2 %

Hasbro stock opened at $63.89 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm has a 50-day moving average price of $68.05 and a two-hundred day moving average price of $64.39. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of -13.77, a PEG ratio of 0.60 and a beta of 0.63. Hasbro, Inc. has a 52-week low of $44.85 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 EPS. Sell-side analysts expect that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.38%. Hasbro’s dividend payout ratio (DPR) is -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.