Ashton Thomas Private Wealth LLC Sells 387 Shares of Hasbro, Inc. (NASDAQ:HAS)

Ashton Thomas Private Wealth LLC trimmed its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,026 shares of the company’s stock after selling 387 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Hasbro were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Hasbro in the 2nd quarter valued at $27,000. Asset Dedication LLC grew its holdings in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Hasbro during the 3rd quarter worth about $49,000. Finally, International Assets Investment Management LLC bought a new position in Hasbro during the 2nd quarter valued at about $46,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 1.0 %

HAS opened at $62.79 on Thursday. The firm has a 50 day simple moving average of $69.29 and a 200 day simple moving average of $64.30. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market cap of $8.76 billion, a price-to-earnings ratio of -13.53, a price-to-earnings-growth ratio of 0.59 and a beta of 0.63. Hasbro, Inc. has a fifty-two week low of $43.74 and a fifty-two week high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 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 analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio is -60.34%.

Analysts Set New Price Targets

Several analysts have recently weighed in on HAS shares. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Bank of America boosted their price objective 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 lifted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. 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 report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

About Hasbro

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.