Scotia Capital Inc. Acquires 3,044 Shares of Hasbro, Inc. $HAS

Scotia Capital Inc. boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,839 shares of the company’s stock after purchasing an additional 3,044 shares during the period. Scotia Capital Inc.’s holdings in Hasbro were worth $2,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Level Four Advisory Services LLC raised its holdings in shares of Hasbro by 9.4% during the second quarter. Level Four Advisory Services LLC now owns 6,118 shares of the company’s stock valued at $452,000 after acquiring an additional 525 shares in the last quarter. Sellaronda Global Management LP bought a new stake in Hasbro in the second quarter valued at $15,502,000. Northwestern Mutual Wealth Management Co. increased its position in Hasbro by 18.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,667 shares of the company’s stock valued at $640,000 after purchasing an additional 1,325 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Hasbro by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 128,076 shares of the company’s stock worth $9,455,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Hasbro by 1,495.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 8,857 shares of the company’s stock worth $654,000 after purchasing an additional 8,302 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wolfe Research boosted their price target on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. The Goldman Sachs Group lifted their price objective on Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Roth Capital set a $96.00 target price on Hasbro and gave the stock a “buy” rating in a research report on Friday, October 24th. Seaport Res Ptn upgraded Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Monness Crespi & Hardt upped their price target on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.33.

Hasbro Stock Down 0.1%

HAS stock opened at $82.62 on Monday. The business has a 50 day moving average of $76.57 and a 200 day moving average of $75.16. The firm has a market cap of $11.59 billion, a PE ratio of -20.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $83.40. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, November 19th. Hasbro’s dividend payout ratio is -69.83%.

Insiders Place Their Bets

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

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.