Adams Wealth Management Invests $517,000 in Hasbro, Inc. $HAS

Adams Wealth Management bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,009 shares of the company’s stock, valued at approximately $517,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Hasbro during the fourth quarter valued at $317,000. Citigroup Inc. raised its position in shares of Hasbro by 44.2% during the 1st quarter. Citigroup Inc. now owns 143,444 shares of the company’s stock worth $8,820,000 after purchasing an additional 43,995 shares during the last quarter. Nuveen LLC purchased a new position in Hasbro in the 1st quarter valued at about $30,347,000. Public Sector Pension Investment Board boosted its holdings in Hasbro by 2.9% in the 1st quarter. Public Sector Pension Investment Board now owns 35,063 shares of the company’s stock worth $2,156,000 after buying an additional 1,000 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Hasbro by 58.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock worth $74,000 after buying an additional 452 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAS. Wolfe Research raised their target price on Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday. Monness Crespi & Hardt upped their target price on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, UBS Group boosted their price target on shares of Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $89.92.

Hasbro Price Performance

Shares of HAS stock opened at $81.55 on Monday. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The company has a market capitalization of $11.44 billion, a PE ratio of -20.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.55. The firm’s 50-day moving average is $77.86 and its two-hundred day moving average is $76.22. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $85.14.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. Analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s dividend payout ratio is -69.83%.

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.