Atria Wealth Solutions Inc. Purchases 465 Shares of Hasbro, Inc. (NASDAQ:HAS)

Atria Wealth Solutions Inc. lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 10.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,758 shares of the company’s stock after purchasing an additional 465 shares during the period. Atria Wealth Solutions Inc.’s holdings in Hasbro were worth $293,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HAS. Brighton Jones LLC bought a new position in shares of Hasbro during the fourth quarter valued at about $317,000. Federated Hermes Inc. raised its position in Hasbro by 1,302.3% in the fourth quarter. Federated Hermes Inc. now owns 8,484 shares of the company’s stock worth $474,000 after acquiring an additional 7,879 shares during the period. Raymond James Financial Inc. bought a new stake in Hasbro in the fourth quarter worth about $23,623,000. Mariner LLC raised its position in Hasbro by 4.8% in the fourth quarter. Mariner LLC now owns 18,703 shares of the company’s stock worth $1,046,000 after acquiring an additional 851 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in Hasbro in the fourth quarter worth about $942,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research reports. The Goldman Sachs Group raised shares of Hasbro from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Morgan Stanley lifted their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Bank of America lifted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. DA Davidson lifted their price objective on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Roth Capital lifted their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.42.

Hasbro Stock Performance

Shares of HAS opened at $81.14 on Friday. The stock’s 50-day simple moving average is $74.74 and its 200 day simple moving average is $65.76. The stock has a market capitalization of $11.38 billion, a price-to-earnings ratio of -19.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $81.31.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 EPS. Research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.5%. Hasbro’s payout ratio is currently -68.97%.

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.