1620 Investment Advisors Inc. Takes $326,000 Position in Hasbro, Inc. (NASDAQ:HAS)

1620 Investment Advisors Inc. bought a new stake in Hasbro, Inc. (NASDAQ:HASFree Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,510 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Associates Ltd. increased its stake in Hasbro by 1.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 52,186 shares of the company’s stock worth $3,774,000 after acquiring an additional 600 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of Hasbro during the 3rd quarter worth approximately $219,000. WASHINGTON TRUST Co boosted its stake in shares of Hasbro by 1.5% during the third quarter. WASHINGTON TRUST Co now owns 100,932 shares of the company’s stock valued at $7,299,000 after purchasing an additional 1,470 shares during the period. GW Henssler & Associates Ltd. purchased a new position in Hasbro during the 3rd quarter worth $18,163,000. Finally, Smith Group Asset Management LLC bought a new stake in shares of Hasbro in the third quarter valued at about $32,032,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 1.6 %

Shares of NASDAQ HAS opened at $66.65 on Thursday. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of -6.57, a PEG ratio of 0.53 and a beta of 0.61. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The stock’s 50-day simple moving average is $69.82 and its 200-day simple moving average is $63.85.

Hasbro (NASDAQ:HASGet Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate 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 22.78% and a positive return on equity of 38.83%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. As a group, equities analysts anticipate 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 paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -27.61%.

Analyst Ratings Changes

Several research firms recently commented on HAS. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson increased their price target 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 boosted their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.67.

Read Our Latest Research Report on HAS

Hasbro Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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