TD Private Client Wealth LLC Has $4.92 Million Holdings in Hasbro, Inc. $HAS

Key Points

• TD Private Client Wealth LLC increased its holdings in Hasbro, Inc. by 11.5% during the second quarter, now owning 66,708 shares valued at approximately $4.92 million.
• Hasbro reported $1.30 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $0.78, despite a 1.5% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.70 per share, reflecting an annualized rate of $2.80 and a dividend yield of 3.7%.

TD Private Client Wealth LLC raised its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 66,708 shares of the company's stock after purchasing an additional 6,862 shares during the period. TD Private Client Wealth LLC's holdings in Hasbro were worth $4,924,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC lifted its holdings in Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after buying an additional 186 shares during the period. Pinnacle Bancorp Inc. lifted its stake in shares of Hasbro by 18.3% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company's stock valued at $96,000 after purchasing an additional 202 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock valued at $91,000 after purchasing an additional 205 shares during the period. Amalgamated Bank boosted its position in shares of Hasbro by 0.9% during the 1st quarter. Amalgamated Bank now owns 27,783 shares of the company's stock valued at $1,708,000 after purchasing an additional 247 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of 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. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 0.5%

Shares of NASDAQ:HAS opened at $75.23 on Thursday. The business's 50 day simple moving average is $78.02 and its two-hundred day simple moving average is $68.96. The firm has a market cap of $10.55 billion, a P/E ratio of -18.53, a PEG ratio of 0.97 and a beta of 0.59. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19.

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

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Insider Activity at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider directly owned 51,301 shares of the company's stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 sale, the chief executive officer directly owned 249,861 shares of the company's stock, valued at $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. Over the last three months, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Monness Crespi & Hardt upped their target price on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. UBS Group upped their target price on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Citigroup upped their target price on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Bank of America upped their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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