Natixis Advisors LLC Purchases 28,604 Shares of Hasbro, Inc. (NASDAQ:HAS)

Natixis Advisors LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 6.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 474,343 shares of the company’s stock after buying an additional 28,604 shares during the period. Natixis Advisors LLC’s holdings in Hasbro were worth $34,304,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HAS. Blue Trust Inc. raised its stake in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the last quarter. Plato Investment Management Ltd bought a new position in Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC boosted its holdings in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Hasbro in the third quarter worth approximately $49,000. Finally, Huntington National Bank lifted its position in Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after purchasing an additional 163 shares during the period. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $62.21 on Monday. The company has a market capitalization of $8.68 billion, a P/E ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 1-year low of $43.74 and a 1-year high of $73.46. The firm’s 50 day simple moving average is $69.01 and its two-hundred day simple moving average is $64.29. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 EPS. Research analysts expect that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.50%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. DA Davidson boosted their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.