Corient Private Wealth LLC Buys 9,744 Shares of Hasbro, Inc. $HAS

Corient Private Wealth LLC boosted its position in Hasbro, Inc. (NASDAQ:HAS) by 70.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,610 shares of the company’s stock after purchasing an additional 9,744 shares during the period. Corient Private Wealth LLC’s holdings in Hasbro were worth $1,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Hasbro in the fourth quarter worth $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the second quarter valued at $25,000. MUFG Securities EMEA plc purchased a new position in shares of Hasbro during the 2nd quarter valued at $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Hasbro during the 3rd quarter valued at $34,000. Finally, Wexford Capital LP bought a new position in shares of Hasbro during the 3rd quarter worth $37,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Down 1.0%

Shares of NASDAQ HAS opened at $84.44 on Tuesday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of -50.87, a PEG ratio of 2.09 and a beta of 0.48. The business has a 50-day moving average of $89.40 and a 200-day moving average of $90.49.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. Hasbro’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. Sell-side analysts expect that Hasbro, Inc. will post 6.01 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, June 1st were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s dividend payout ratio is presently -168.67%.

Analysts Set New Price Targets

HAS has been the subject of several recent research reports. Weiss Ratings lowered Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. BNP Paribas Exane upped their price objective on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Morgan Stanley increased their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Bank of America lifted their target price on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Argus set a $105.00 price target on shares of Hasbro in a research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.14.

About Hasbro

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.