Cwm LLC Buys 27,485 Shares of Hasbro, Inc. $HAS

Cwm LLC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 60.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,743 shares of the company’s stock after purchasing an additional 27,485 shares during the period. Cwm LLC’s holdings in Hasbro were worth $5,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HAS. World Investment Advisors lifted its holdings in Hasbro by 55.3% in the third quarter. World Investment Advisors now owns 4,724 shares of the company’s stock worth $358,000 after buying an additional 1,683 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Hasbro by 99.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,130 shares of the company’s stock worth $237,000 after acquiring an additional 1,564 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Hasbro by 35.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,114 shares of the company’s stock worth $464,000 after acquiring an additional 1,594 shares in the last quarter. Kaufman Rossin Wealth LLC lifted its stake in shares of Hasbro by 4.1% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock valued at $291,000 after purchasing an additional 151 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of Hasbro by 37.5% in the 3rd quarter. Brighton Jones LLC now owns 12,872 shares of the company’s stock valued at $976,000 after purchasing an additional 3,511 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAS shares. Jefferies Financial Group increased their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research note on Monday. Morgan Stanley reissued an “overweight” rating and set a $94.00 price target on shares of Hasbro in a research report on Sunday, December 14th. The Goldman Sachs Group upped their price objective on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Seaport Res Ptn raised shares of Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average price target of $90.31.

Hasbro Stock Performance

Shares of Hasbro stock opened at $82.67 on Wednesday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $85.14. The firm’s 50-day moving average is $79.70 and its 200 day moving average is $77.46. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of -20.62, a PEG ratio of 1.61 and a beta of 0.55. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. The business 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 EPS. Sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, November 19th. Hasbro’s payout ratio is presently -69.83%.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $77.24, for a total value of $308,960.00. Following the transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by insiders.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.