Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires Shares of 7,800 Hasbro, Inc. $HAS

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAS. Clarius Group LLC increased its position in Hasbro by 0.6% in the 3rd quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after acquiring an additional 146 shares during the period. Kaufman Rossin Wealth LLC grew 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 last quarter. Visionary Horizons LLC grew its stake in shares of Hasbro by 1.4% in the 3rd quarter. Visionary Horizons LLC now owns 12,069 shares of the company’s stock valued at $915,000 after purchasing an additional 166 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Hasbro by 0.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 34,020 shares of the company’s stock valued at $2,490,000 after purchasing an additional 167 shares during the period. Finally, RNC Capital Management LLC raised its stake in shares of Hasbro by 1.3% during the second quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock worth $981,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 4,000 shares of Hasbro stock in a transaction on 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 transaction, the director directly owned 17,102 shares of the company’s stock, valued at approximately $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Analyst Ratings Changes

HAS has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Wolfe Research raised their target price on shares of Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. Wall Street Zen lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Monness Crespi & Hardt raised their price objective on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $92.25.

Key Headlines Impacting Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: Analysts maintain a constructive view — 14 covering firms give Hasbro a consensus “Moderate Buy”, supporting upside from continued analyst backing. Hasbro, Inc. (NASDAQ:HAS) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Management/product strategy appears to be shifting toward collector-focused, higher-margin offerings — a trend analysts say supports earnings momentum and could improve long-term mix and pricing power. What Hasbro (HAS)’s Earnings Momentum And Collector-Focused Brands Shift Means For Shareholders
• Positive Sentiment: New product waves reinforce the growth pipeline: multiple Transformers releases (Tiny Turbo Changers, Studio Series Hot Rod), Star Wars Black Series figures, and a Netflix x Hasbro Monopoly tie-in could boost sales and licensing revenue if retail demand holds. Hasbro rolls out Transformers Tiny Turbo Changers this Spring Hasbro Brings Hot Rod Back With a New TRANSFORMERS: THE MOVIE Studio Series Figure Hell Yeah, an Action Figure Wave of ‘Star Wars’ Freaks ‘KPop Demon Hunters’ Monopoly Deal Game Hits Stores As First Release From Netflix and Hasbro Partnership
• Neutral Sentiment: Short-interest reporting shows effectively zero or unchanged short positions (odd/NaN reporting in the release), so short-covering is unlikely to be a near-term price driver based on the available data.
• Negative Sentiment: A recent Wall Street Zen downgrade trims sentiment for the name and could pressure the stock if other boutiques follow suit or if near-term sales miss expectations. Hasbro (NASDAQ:HAS) Stock Rating Lowered by Wall Street Zen

Hasbro Stock Down 0.1%

Shares of NASDAQ HAS opened at $86.64 on Tuesday. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of -21.61, a price-to-earnings-growth ratio of 1.56 and a beta of 0.55. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $89.20. The firm has a 50-day moving average price of $81.24 and a 200 day moving average price of $78.45. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research 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, December 3rd. Investors of record on Wednesday, November 19th were issued a $0.70 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. Hasbro’s dividend payout ratio is currently -69.83%.

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.