Chesapeake Capital Corp IL Buys New Stake in Hasbro, Inc. (NASDAQ:HAS)

Chesapeake Capital Corp IL acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the third quarter, HoldingsChannel reports. The institutional investor acquired 8,329 shares of the company’s stock, valued at approximately $601,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank boosted its position in Hasbro by 27.3% during 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. Axiom Advisory LLC boosted 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 boosted its position in Hasbro by 2.8% during 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. EverSource Wealth Advisors LLC boosted its position in Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares during the period. Finally, Stratos Wealth Advisors LLC boosted its position in Hasbro by 4.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after purchasing an additional 217 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 1.3 %

HAS opened at $62.21 on Friday. Hasbro, Inc. has a one year low of $43.74 and a one year high of $73.46. 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 stock’s fifty day moving average is $69.01 and its 200-day moving average is $64.29. The company has a market capitalization of $8.68 billion, a PE ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 3.94 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. 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 4.50%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Analysts Set New Price Targets

HAS has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Stifel Nicolaus boosted their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, DA Davidson boosted 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.67.

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.