Wilmington Savings Fund Society FSB Acquires New Shares in Hasbro, Inc. (NASDAQ:HAS)

Wilmington Savings Fund Society FSB bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 621 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in Hasbro by 17.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,041 shares of the company’s stock valued at $798,000 after buying an additional 1,674 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Hasbro in the third quarter worth $501,000. TD Private Client Wealth LLC increased its position in Hasbro by 4.0% during the third quarter. TD Private Client Wealth LLC now owns 52,931 shares of the company’s stock valued at $3,828,000 after acquiring an additional 2,023 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Hasbro by 1,150.3% in the third quarter. Sunbelt Securities Inc. now owns 2,363 shares of the company’s stock valued at $171,000 after acquiring an additional 2,174 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in Hasbro in the third quarter worth about $269,000. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Hasbro

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

Hasbro Stock Performance

NASDAQ HAS opened at $57.58 on Monday. The business has a 50-day moving average price of $65.01 and a 200-day moving average price of $64.75. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) 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 business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue was down 14.8% on a year-over-year basis. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Wednesday, November 20th. Hasbro’s payout ratio is presently -60.34%.

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.