Petrus Trust Company LTA Sells 7,662 Shares of Hasbro, Inc. (NASDAQ:HAS)

Petrus Trust Company LTA decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 44.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,490 shares of the company’s stock after selling 7,662 shares during the quarter. Petrus Trust Company LTA’s holdings in Hasbro were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HAS. Huntington National Bank grew its stake in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares during the period. Glenmede Trust Co. NA raised its position in shares of Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the last quarter. Axiom Advisory LLC lifted its position in Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after purchasing an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after buying an additional 196 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HAS shares. Jefferies Financial Group lifted their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus upped their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Bank of America raised their target price 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. Finally, Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Performance

Shares of HAS stock opened at $65.32 on Wednesday. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of -14.08, a P/E/G ratio of 0.60 and a beta of 0.62. 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 firm’s 50-day simple moving average is $67.50 and its two-hundred day simple moving average is $64.53. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week 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 the consensus estimate of $1.28 by $0.45. The company 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%. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share. As a group, equities analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.29%. Hasbro’s payout ratio is currently -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.