GW Henssler & Associates Ltd. Has $16.18 Million Stock Holdings in Hasbro, Inc. $HAS

Key Points

• GW Henssler & Associates Ltd. increased its holdings in Hasbro, Inc. by 5.6%, now owning 263,198 shares valued at approximately $16.18 million.
• Multiple institutional investors have modified their positions in Hasbro, with notable increases including SBI Securities Co. Ltd. by 130% and Allworth Financial LP by 93.2%.
• Analysts have raised their price targets for Hasbro, with projections now ranging from $80.00 to $92.00, leading to a consensus rating of "Moderate Buy".

GW Henssler & Associates Ltd. raised its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 263,198 shares of the company's stock after buying an additional 13,976 shares during the period. GW Henssler & Associates Ltd. owned about 0.19% of Hasbro worth $16,184,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Hasbro by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock valued at $1,012,374,000 after buying an additional 105,624 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hasbro by 11.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock valued at $140,652,000 after buying an additional 227,477 shares during the last quarter. Northern Trust Corp boosted its position in Hasbro by 7.4% in the 1st quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock valued at $87,499,000 after buying an additional 98,425 shares during the last quarter. Deutsche Bank AG boosted its position in Hasbro by 15.3% in the 1st quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock valued at $79,312,000 after buying an additional 170,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Hasbro by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock valued at $74,856,000 after buying an additional 27,547 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Up 1.7%

Shares of HAS traded up $1.37 on Thursday, hitting $80.40. The company's stock had a trading volume of 1,226,400 shares, compared to its average volume of 2,010,633. The firm's fifty day moving average price is $77.90 and its 200-day moving average price is $67.84. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $82.19. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of -19.80, a P/E/G ratio of 1.05 and a beta of 0.59.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro's payout ratio is currently -68.97%.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider owned 51,301 shares of the company's stock, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 in the last 90 days. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. UBS Group increased their price objective on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Roth Capital raised their price target on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup raised their price target on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Monness Crespi & Hardt raised their price target on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $86.42.

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.