Algert Global LLC Sells 3,060 Shares of Hasbro, Inc. (NASDAQ:HAS)

by · The Cerbat Gem

Algert Global LLC trimmed its stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 6.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 44,845 shares of the company’s stock after selling 3,060 shares during the period. Algert Global LLC’s holdings in Hasbro were worth $3,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. Plato Investment Management Ltd bought a new stake in Hasbro in the second quarter worth $27,000. Asset Dedication LLC lifted its holdings in shares of Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. International Assets Investment Management LLC bought a new position in Hasbro during the 2nd quarter valued at about $46,000. Finally, Summit Securities Group LLC purchased a new stake in Hasbro in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $64.35 on Tuesday. The company has a market cap of $8.98 billion, a PE ratio of -13.87, a P/E/G ratio of 0.58 and a beta of 0.63. The firm’s 50 day moving average price is $68.32 and its 200-day moving average price is $64.37. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a 52-week low of $44.85 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS – Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business’s revenue for the quarter was down 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS. Sell-side analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Wall Street Analyst Weigh In

HAS has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley boosted their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson raised their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

Check Out Our Latest Research Report on HAS

Hasbro Profile

(Free Report)

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.

Further Reading

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