Beacon Investment Advisory Services Inc. Has $393,000 Stake in Hasbro, Inc. $HAS

Beacon Investment Advisory Services Inc. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,329 shares of the company’s stock after selling 317 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Hasbro were worth $393,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. TD Private Client Wealth LLC increased its holdings in shares of Hasbro by 11.5% during the 2nd quarter. TD Private Client Wealth LLC now owns 66,708 shares of the company’s stock valued at $4,924,000 after acquiring an additional 6,862 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Hasbro by 16.3% during the 2nd quarter. Fifth Third Bancorp now owns 7,468 shares of the company’s stock valued at $551,000 after acquiring an additional 1,047 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of Hasbro by 8.1% during the 2nd quarter. Cardinal Capital Management now owns 97,792 shares of the company’s stock valued at $7,219,000 after acquiring an additional 7,297 shares during the last quarter. Gries Financial LLC increased its holdings in shares of Hasbro by 6.6% during the 2nd quarter. Gries Financial LLC now owns 25,094 shares of the company’s stock valued at $1,852,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Salvus Wealth Management LLC acquired a new position in shares of Hasbro during the 2nd quarter valued at about $246,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $74.56 on Friday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The firm has a market capitalization of $10.46 billion, a PE ratio of -18.36, a PEG ratio of 0.97 and a beta of 0.59. The business’s 50 day moving average is $77.97 and its 200-day moving average is $69.03. 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 (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The company had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the firm earned $1.22 EPS. Hasbro’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, August 20th. Hasbro’s dividend payout ratio (DPR) is presently -68.97%.

Analysts Set New Price Targets

HAS has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $85.00 in a report on Monday, June 30th. Morgan Stanley raised their target price on Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Monness Crespi & Hardt raised their target price on Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Roth Capital raised their target price on Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, DA Davidson raised their target price on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.42.

Insider Transactions at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider owned 51,301 shares of the company’s stock, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by corporate insiders.

Hasbro Company 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.