WBH Advisory Inc. Buys Shares of 3,871 Hasbro, Inc. (NASDAQ:HAS)

Key Points

• WBH Advisory Inc. has acquired a new stake in Hasbro, Inc., purchasing 3,871 shares valued at approximately $238,000.
• Hasbro recently announced a quarterly dividend of $0.70 per share, translating to an annualized yield of 3.6%.
• Various analysts have increased their price targets for Hasbro, with a consensus target currently at $86.27, indicating a strong market outlook.

WBH Advisory Inc. purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,871 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of HAS. Parvin Asset Management LLC bought a new stake in Hasbro during the fourth quarter worth about $25,000. Sentry Investment Management LLC bought a new stake in Hasbro during the first quarter worth about $28,000. SBI Securities Co. Ltd. boosted its stake in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Hasbro during the fourth quarter worth about $43,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HAS shares. Roth Capital boosted their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley boosted their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. DA Davidson upped their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Citigroup upped their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $86.27.

Hasbro Stock Performance

Shares of HAS traded up $0.08 during mid-day trading on Monday, hitting $77.57. 1,737,813 shares of the company traded hands, compared to its average volume of 2,477,208. 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 50-day moving average price of $73.58 and a two-hundred day moving average price of $65.26. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $78.83. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.02 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $891.82 million. During the same period in the previous year, the company earned $1.22 earnings per share. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's payout ratio is presently -68.97%.

Hasbro 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.