Wealth Enhancement Advisory Services LLC Acquires New Stake in Hasbro, Inc. (NASDAQ:HAS)

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,990 shares of the company’s stock, valued at approximately $1,012,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Axiom Advisory LLC increased its holdings in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Hasbro by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $66.96 on Wednesday. The company has a market capitalization of $9.34 billion, a PE ratio of -14.43, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The business’s fifty day moving average is $69.69 and its 200 day moving average is $64.22. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The business’s revenue was down 14.8% on a year-over-year basis. Sell-side analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. Hasbro’s payout ratio is -60.34%.

Analyst Ratings Changes

A number of analysts have commented on HAS shares. JPMorgan Chase & Co. lifted their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus raised their price target 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 raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley raised 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

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.