Avior Wealth Management LLC Boosts Stock Position in Hasbro, Inc. $HAS

Key Points

• Avior Wealth Management LLC significantly increased its stake in Hasbro, Inc. by 4,704.1%, acquiring a total of 9,272 shares valued at approximately $684,000.
• Analysts have raised their price targets for Hasbro shares, with Monness Crespi & Hardt setting a new target at $90.00, leading to an overall consensus rating of "Moderate Buy" and an average price target of $87.25.
• Hasbro recently declared a quarterly dividend of $0.70, resulting in an annual yield of 3.6%, with a total payout ratio currently reported at -68.97%.

Avior Wealth Management LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 4,704.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,272 shares of the company's stock after buying an additional 9,079 shares during the period. Avior Wealth Management LLC's holdings in Hasbro were worth $684,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HAS. Sentry Investment Management LLC bought a new position in shares of Hasbro during the first quarter valued at $28,000. SBI Securities Co. Ltd. increased its stake in Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after purchasing an additional 269 shares in the last quarter. Allworth Financial LP raised its holdings in Hasbro by 93.2% in the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after buying an additional 449 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Hasbro by 299.0% during the first quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after buying an additional 855 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HAS shares. Monness Crespi & Hardt upped their price objective on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Roth Capital upped their price target on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Bank of America increased their price objective on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday. DA Davidson boosted their target price on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Citigroup upped their target price on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.25.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider owned 51,301 shares of the company's stock, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christian P. Cocks sold 27,800 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock worth $2,970,828 in the last 90 days. 0.85% of the stock is currently owned by insiders.

Hasbro Stock Up 1.8%

Hasbro stock opened at $76.95 on Tuesday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The stock has a fifty day moving average of $77.91 and a 200 day moving average of $69.36. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The stock has a market cap of $10.79 billion, a PE ratio of -18.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. During the same period in the previous year, the company posted $1.22 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were given a $0.70 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.6%. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

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.

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