Algert Global LLC Decreases Holdings in Hasbro, Inc. (NASDAQ:HAS)

Algert Global LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,845 shares of the company’s stock after selling 3,060 shares during the period. Algert Global LLC’s holdings in Hasbro were worth $3,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Plato Investment Management Ltd purchased a new position in Hasbro in the second quarter worth about $27,000. Asset Dedication LLC grew its position in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares during the period. Blue Trust Inc. increased its holdings in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the last quarter. International Assets Investment Management LLC bought a new position in Hasbro in the second quarter worth approximately $46,000. Finally, Summit Securities Group LLC purchased a new position in shares of Hasbro during the 2nd quarter worth $47,000. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group raised their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson upped their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Up 2.9 %

Shares of HAS stock opened at $64.35 on Tuesday. The company’s fifty day simple moving average is $68.32 and its two-hundred day simple moving average is $64.37. Hasbro, Inc. has a 52 week low of $44.85 and a 52 week high of $73.46. The stock has a market cap of $8.98 billion, a P/E ratio of -13.87, a PEG ratio of 0.58 and a beta of 0.63. 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 posted its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. Analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend 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.