WESPAC Advisors LLC Purchases New Position in Hasbro, Inc. $HAS

WESPAC Advisors LLC purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,612 shares of the company’s stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SteelPeak Wealth LLC purchased a new position in Hasbro during the second quarter valued at $2,822,000. Prudential Financial Inc. lifted its stake in Hasbro by 14.2% in the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock valued at $11,759,000 after buying an additional 19,752 shares in the last quarter. PARK CIRCLE Co purchased a new position in Hasbro in the 2nd quarter valued at about $738,000. Truist Financial Corp boosted its holdings in Hasbro by 35.0% in the 2nd quarter. Truist Financial Corp now owns 42,126 shares of the company’s stock worth $3,110,000 after buying an additional 10,931 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its stake in Hasbro by 249.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 205,967 shares of the company’s stock worth $15,203,000 after buying an additional 147,104 shares in the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Hasbro

In other Hasbro 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 value of $308,960.00. Following the sale, the director owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAS. Bank of America lifted their price target on Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. UBS Group raised their price objective on Hasbro from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Roth Capital set a $96.00 target price on shares of Hasbro and gave the stock a “buy” rating in a report on Friday, October 24th. Jefferies Financial Group raised their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hasbro in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.25.

Hasbro Trading Up 0.3%

Shares of HAS opened at $86.87 on Wednesday. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $89.20. The firm has a market capitalization of $12.19 billion, a P/E ratio of -21.66, a P/E/G ratio of 1.55 and a beta of 0.55. The firm has a 50-day moving average price of $81.46 and a 200 day moving average price of $78.55. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 earnings per share for the quarter, beating 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 previous year, the business posted $1.73 EPS. Hasbro’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, November 19th. Hasbro’s dividend payout ratio is presently -69.83%.

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.