Northwest & Ethical Investments L.P. Purchases 2,900 Shares of Hasbro, Inc. $HAS

Northwest & Ethical Investments L.P. raised its position in Hasbro, Inc. (NASDAQ:HAS) by 207.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,300 shares of the company’s stock after purchasing an additional 2,900 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Hasbro were worth $264,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Hasbro during the fourth quarter worth $25,000. Sentry Investment Management LLC bought a new position in shares of Hasbro in the 1st quarter valued at about $28,000. SBI Securities Co. Ltd. lifted its stake in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after buying an additional 269 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after purchasing an additional 178 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after purchasing an additional 449 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on HAS shares. Citigroup raised their target price on shares of Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Morgan Stanley boosted their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group boosted their price target on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $86.42.

Insider Activity at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider directly owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.85% of the company’s stock.

Hasbro Price Performance

HAS stock opened at $79.69 on Thursday. The firm has a 50 day moving average of $75.45 and a 200-day moving average of $66.21. The firm has a market capitalization of $11.17 billion, a P/E ratio of -19.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.60. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $81.97.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. Hasbro’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.22 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro’s dividend payout ratio (DPR) is currently -68.97%.

Hasbro Profile

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.