HB Wealth Management LLC Purchases New Shares in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• HB Wealth Management LLC has acquired a new stake in Hasbro, Inc., purchasing 5,961 shares valued at approximately $367,000.
• Hasbro reported earnings of $1.30 per share in its last quarter, exceeding analysts' expectations of $0.78, despite a 1.5% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.70 per share, reflecting a yield of 3.8%, with the ex-dividend date set for August 20th.

HB Wealth Management LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,961 shares of the company's stock, valued at approximately $367,000.

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

Hasbro Price Performance

HAS traded up $2.26 during midday trading on Monday, reaching $76.89. 2,332,798 shares of the company's stock were exchanged, compared to its average volume of 2,592,385. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 0.98 and a beta of 0.60. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a one year low of $49.00 and a one year high of $78.83. The business has a 50-day simple moving average of $72.29 and a two-hundred day simple moving average of $64.43.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Hasbro's payout ratio is -68.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HAS shares. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Roth Capital lifted their target price on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Monness Crespi & Hardt lifted their price target on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Bank of America lifted their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price objective 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. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Hasbro has a consensus rating of "Moderate Buy" and an average target price of $86.27.

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.