Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Trimmed by ABLE Financial Group LLC

ABLE Financial Group LLC decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,553 shares of the company’s stock after selling 1,446 shares during the quarter. ABLE Financial Group LLC’s holdings in Hasbro were worth $474,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hasbro by 95.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after acquiring an additional 19,113 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Hasbro by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,347 shares of the company’s stock valued at $1,489,000 after purchasing an additional 6,073 shares during the period. Nordea Investment Management AB raised its stake in shares of Hasbro by 11.9% in the 1st quarter. Nordea Investment Management AB now owns 10,677 shares of the company’s stock worth $602,000 after buying an additional 1,136 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Hasbro by 4.8% in the first quarter. Daiwa Securities Group Inc. now owns 13,083 shares of the company’s stock valued at $739,000 after buying an additional 600 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Hasbro by 47.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,632 shares of the company’s stock valued at $375,000 after buying an additional 2,123 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS stock traded up $0.12 during midday trading on Friday, hitting $64.26. 133,379 shares of the company traded hands, compared to its average volume of 1,625,339. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.46. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of -13.82, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The business has a 50 day simple moving average of $69.53 and a 200-day simple moving average of $64.22.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 EPS. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.36%. Hasbro’s dividend payout ratio is presently -60.34%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HAS. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus raised 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. Bank of America boosted their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. DA Davidson upped their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two investment 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, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.