Sanctuary Advisors LLC Has $981,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Sanctuary Advisors LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 49.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,468 shares of the company’s stock after buying an additional 5,427 shares during the period. Sanctuary Advisors LLC’s holdings in Hasbro were worth $981,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Huntington National Bank increased its position 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 buying an additional 163 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in 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 in the last quarter. Principal Securities Inc. lifted its holdings in Hasbro by 16.4% during the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after acquiring an additional 208 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after acquiring an additional 259 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after acquiring an additional 263 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HAS. Roth Mkm lifted their target price on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Stifel Nicolaus reduced their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Morgan Stanley reiterated an “overweight” rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. Two equities research 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 stock has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Stock Performance

HAS opened at $68.02 on Thursday. The business’s 50-day moving average price is $58.91 and its two-hundred day moving average price is $64.29. Hasbro, Inc. has a 1 year low of $48.72 and a 1 year high of $73.46. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 0.60 and a beta of 0.64. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Equities analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is presently 101.82%.

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.