Sound Income Strategies LLC Sells 6,641 Shares of Hasbro, Inc. $HAS

Sound Income Strategies LLC reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,616 shares of the company’s stock after selling 6,641 shares during the period. Sound Income Strategies LLC owned 0.12% of Hasbro worth $12,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale lifted its holdings in shares of Hasbro by 0.5% during 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 last quarter. RNC Capital Management LLC boosted its stake in Hasbro by 1.3% in the 2nd quarter. RNC Capital Management LLC now owns 13,295 shares of the company’s stock worth $981,000 after purchasing an additional 170 shares in the last quarter. NewEdge Advisors LLC grew its position in Hasbro by 36.7% during the 2nd quarter. NewEdge Advisors LLC now owns 686 shares of the company’s stock valued at $51,000 after purchasing an additional 184 shares during the last quarter. State of Michigan Retirement System increased its stake in Hasbro by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 35,812 shares of the company’s stock valued at $2,644,000 after purchasing an additional 200 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in Hasbro by 18.3% in the second quarter. Pinnacle Bancorp Inc. now owns 1,307 shares of the company’s stock worth $96,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on HAS. Citigroup increased their price target on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Roth Capital set a $96.00 price objective on Hasbro and gave the company a “buy” rating in a research report on Friday, October 24th. The Goldman Sachs Group boosted their price target on Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $94.00 price target on shares of Hasbro in a report on Sunday, December 14th. Finally, UBS Group boosted their price objective on shares of Hasbro from $88.00 to $89.00 and gave the company a “buy” rating in a report on Friday, November 14th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.92.

Insider Buying and Selling

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.85% of the company’s stock.

Hasbro Stock Down 0.1%

HAS opened at $81.98 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. The company has a market capitalization of $11.51 billion, a PE ratio of -20.44, a PEG ratio of 1.60 and a beta of 0.55. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $85.14. The firm’s 50 day simple moving average is $78.58 and its two-hundred day simple moving average is $76.68.

Hasbro (NASDAQ:HAS) last released 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 positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $1.73 earnings per share. Hasbro’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is -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.