Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 1,150.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,363 shares of the company’s stock after acquiring an additional 2,174 shares during the period. Sunbelt Securities Inc.’s holdings in Hasbro were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. Mizuho Securities USA LLC lifted its stake in Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Samlyn Capital LLC lifted its position in Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after purchasing an additional 855,099 shares during the period. AQR Capital Management LLC lifted its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock valued at $40,037,000 after purchasing an additional 565,645 shares during the period. Smith Group Asset Management LLC acquired a new stake in Hasbro during the 3rd quarter worth about $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the 3rd quarter worth about $18,163,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS opened at $61.76 on Friday. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -13.31, a PEG ratio of 0.60 and a beta of 0.62. The firm’s fifty day simple moving average is $66.38 and its two-hundred day simple moving average is $64.73. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46.

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

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HAS shares. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson increased their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is owned by company insiders.

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.