Aaron Wealth Advisors LLC Makes New Investment in Hasbro, Inc. $HAS

Aaron Wealth Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,667 shares of the company’s stock, valued at approximately $961,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro in the 2nd quarter worth about $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro during the second quarter valued at $28,000. Pittenger & Anderson Inc. acquired a new stake in Hasbro during the second quarter worth approximately $35,000. IFP Advisors Inc increased its stake in shares of Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after acquiring an additional 543 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Hasbro by 187.5% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 690 shares of the company’s stock worth $51,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Monness Crespi & Hardt boosted their price objective on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Roth Capital set a $96.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Friday, October 24th. Morgan Stanley restated an “overweight” rating and issued a $94.00 target price on shares of Hasbro in a research note on Sunday. Bank of America upped their target price on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, UBS Group lifted their price target on Hasbro from $88.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.92.

Insider Buying and Selling

In other Hasbro 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 sale, the director owned 17,102 shares in the company, valued at $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Hasbro Trading Up 1.2%

Shares of HAS opened at $81.35 on Thursday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $85.14. The stock has a market cap of $11.42 billion, a PE ratio of -20.29, a P/E/G ratio of 1.57 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The business’s 50-day moving average price is $78.21 and its 200-day moving average price is $76.45.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The company had revenue of $1.39 billion during 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%. Hasbro’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $1.73 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.4%. Hasbro’s payout ratio is presently -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.