Strengthening Families & Communities LLC Has $1.29 Million Stake in Hasbro, Inc. (NASDAQ:HAS)

Strengthening Families & Communities LLC grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 5.2% during the third quarter, Holdings Channel.com reports. The firm owned 17,773 shares of the company’s stock after buying an additional 871 shares during the period. Strengthening Families & Communities LLC’s holdings in Hasbro were worth $1,285,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HAS. Huntington National Bank boosted its position 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 purchasing an additional 163 shares during the period. Axiom Advisory LLC lifted its position in Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares during the period. EverSource Wealth Advisors LLC lifted its position in Hasbro by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares during the period. Finally, Stratos Wealth Advisors LLC raised its stake in Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Hasbro Stock Down 1.3 %

Shares of Hasbro stock opened at $62.21 on Monday. The firm has a market cap 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, Inc. has a 52-week low of $43.74 and a 52-week high of $73.46. The business’s 50 day simple moving average is $69.01 and its 200 day simple moving average is $64.32. 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 (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. On average, analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.50%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Hasbro 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.