Wealth Enhancement Advisory Services LLC Has $2.24 Million Position in Hasbro, Inc. $HAS

Key Points

• Wealth Enhancement Advisory Services LLC increased its position in Hasbro, Inc. by 73.4%, holding 28,784 shares valued at $2.24 million as of its latest SEC filing.
• Several hedge funds significantly boosted their stakes in Hasbro, with notable increases including a 6,871.6% rise in GAMMA Investing LLC's holdings during the first quarter.
• Equity analysts have raised their price targets for Hasbro, with Bank of America setting a new target of $90.00, indicating a general consensus of a "Moderate Buy" with an average target price of $86.42.

Wealth Enhancement Advisory Services LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 73.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,784 shares of the company's stock after purchasing an additional 12,187 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Hasbro were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HAS. Brighton Jones LLC acquired a new stake in Hasbro during the 4th quarter worth approximately $317,000. Mackenzie Financial Corp lifted its holdings in Hasbro by 164.6% during the 4th quarter. Mackenzie Financial Corp now owns 11,696 shares of the company's stock worth $654,000 after purchasing an additional 7,276 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hasbro during the 4th quarter worth approximately $7,926,000. Wellington Management Group LLP lifted its holdings in Hasbro by 27.7% during the 4th quarter. Wellington Management Group LLP now owns 54,403 shares of the company's stock worth $3,042,000 after purchasing an additional 11,811 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Hasbro by 6,871.6% during the 1st quarter. GAMMA Investing LLC now owns 217,306 shares of the company's stock worth $133,620,000 after purchasing an additional 214,189 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HAS shares. Bank of America raised their price objective on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. DA Davidson raised their price objective on 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. raised their price objective on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Monness Crespi & Hardt raised their price objective on Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Finally, UBS Group raised their price objective on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.42.

Hasbro Trading Up 1.4%

Shares of HAS opened at $75.59 on Monday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The business's fifty day moving average is $77.92 and its 200-day moving average is $69.24. 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 firm has a market cap of $10.60 billion, a price-to-earnings ratio of -18.62, a PEG ratio of 0.98 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data 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. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business 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 company posted $1.22 EPS. Hasbro's quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Hasbro's payout ratio is -68.97%.

Insider Transactions at Hasbro

In other news, insider Roberta K. Thomson sold 1,002 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade 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 have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company's stock.

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.

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