Legacy Capital Group California Inc. Has $625,000 Stake in Hasbro, Inc. (NASDAQ:HAS)

Legacy Capital Group California Inc. grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,642 shares of the company’s stock after purchasing an additional 801 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Hasbro were worth $625,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Park Avenue Securities LLC increased its holdings in shares of Hasbro by 20.1% in the first quarter. Park Avenue Securities LLC now owns 10,070 shares of the company’s stock valued at $569,000 after purchasing an additional 1,685 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Hasbro in the 1st quarter valued at $209,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Hasbro during the first quarter worth $270,000. Brookstone Capital Management acquired a new position in shares of Hasbro during the first quarter valued at $203,000. Finally, AMF Tjanstepension AB bought a new position in Hasbro in the first quarter valued at about $15,058,000. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HAS. DA Davidson reissued a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Stifel Nicolaus increased their price target on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average price target of $75.10.

Hasbro Stock Down 6.0 %

Shares of Hasbro stock opened at $66.10 on Friday. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. The company has a market capitalization of $9.20 billion, a P/E ratio of -6.52, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The business has a 50-day moving average of $69.84 and a two-hundred day moving average of $63.52.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.37. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced 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. This represents a $2.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is presently -27.61%.

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.