IHT Wealth Management LLC Takes Position in Hasbro, Inc. (NASDAQ:HAS)

IHT Wealth Management LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,787 shares of the company’s stock, valued at approximately $347,000.

Several other large investors have also recently made changes to their positions in HAS. Huntington National Bank grew its stake in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the period. Axiom Advisory LLC grew its stake in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after acquiring an additional 170 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Hasbro by 2.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 196 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Jefferies Financial Group raised their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus raised their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, DA Davidson raised their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Stock Performance

NASDAQ:HAS opened at $64.98 on Tuesday. The business’s 50-day moving average price is $67.05 and its two-hundred day moving average price is $64.67. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The stock has a market cap of $9.06 billion, a P/E ratio of -14.00, a PEG ratio of 0.61 and a beta of 0.62. 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 (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm posted $1.64 EPS. The company’s revenue was down 14.8% compared to the same quarter last year. As a group, equities analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.31%. Hasbro’s dividend payout ratio is -60.34%.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by insiders.

Hasbro Company 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.