Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 31.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,037 shares of the company's stock after purchasing an additional 16,657 shares during the quarter. Cetera Investment Advisers' holdings in Hasbro were worth $4,245,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in Hasbro by 3.9% in the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock valued at $1,754,000 after purchasing an additional 1,072 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hasbro by 20.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock valued at $1,036,000 after acquiring an additional 2,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Hasbro by 60.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock valued at $1,021,000 after buying an additional 6,225 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Hasbro during the 4th quarter valued at $540,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Hasbro in the fourth quarter worth about $502,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAS. Monness Crespi & Hardt upped their price objective on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley lifted their target price on shares of Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. DA Davidson boosted their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the company from $66.00 to $85.00 in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $86.27.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $0.15 during midday trading on Thursday, reaching $76.90. The company had a trading volume of 846,990 shares, compared to its average volume of 2,059,881. The stock has a market cap of $10.78 billion, a P/E ratio of -18.98, a P/E/G ratio of 1.01 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The business's 50-day simple moving average is $72.70 and its 200 day simple moving average is $64.66. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $78.83.

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

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. Hasbro's payout ratio is currently -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.