Baron Wealth Management LLC Decreases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Baron Wealth Management LLC reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 12.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,014 shares of the company’s stock after selling 437 shares during the quarter. Baron Wealth Management LLC’s holdings in Hasbro were worth $218,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Plato Investment Management Ltd purchased a new position in shares of Hasbro in the second quarter valued at $27,000. Asset Dedication LLC raised its holdings in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares in the last quarter. Blue Trust Inc. raised its holdings in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Hasbro in the second quarter valued at $46,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Hasbro during the second quarter worth $47,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.8 %

Shares of Hasbro stock opened at $61.69 on Tuesday. The company’s fifty day simple moving average is $69.01 and its 200-day simple moving average is $64.32. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 1 year low of $43.74 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results 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 positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the business posted $1.64 earnings per share. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, sell-side analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.54%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group increased their target price on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson increased their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus increased their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and an average target price 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.