SG Americas Securities LLC Purchases 2,917 Shares of Hasbro, Inc. (NASDAQ:HAS)

SG Americas Securities LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HASGet Rating) by 45.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,280 shares of the company’s stock after buying an additional 2,917 shares during the quarter. SG Americas Securities LLC’s holdings in Hasbro were worth $760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management bought a new stake in Hasbro during the 4th quarter valued at about $32,000. Confluence Wealth Services Inc. bought a new stake in Hasbro during the 4th quarter valued at about $32,000. GHP Investment Advisors Inc. bought a new stake in Hasbro during the 1st quarter valued at about $26,000. Allworth Financial LP increased its position in Hasbro by 985.3% during the 1st quarter. Allworth Financial LP now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 335 shares during the period. Finally, Desjardins Global Asset Management Inc. purchased a new position in Hasbro during the 4th quarter valued at about $39,000. Institutional investors own 75.35% of the company’s stock.

Hasbro Stock Up 1.0 %

Shares of Hasbro stock opened at $79.48 on Tuesday. The firm’s 50 day moving average price is $83.03 and its 200-day moving average price is $87.88. The company has a market cap of $10.98 billion, a P/E ratio of 20.48 and a beta of 0.79. The company has a quick ratio of 1.03, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. Hasbro, Inc. has a 52-week low of $76.93 and a 52-week high of $105.73.

Hasbro (NASDAQ:HASGet Rating) last released its earnings results on Tuesday, July 19th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Hasbro had a net margin of 8.30% and a return on equity of 22.26%. Hasbro’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. On average, sell-side analysts predict that Hasbro, Inc. will post 5.09 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Monday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently 72.16%.

Analysts Set New Price Targets

A number of research firms have commented on HAS. Jefferies Financial Group cut their target price on shares of Hasbro from $115.00 to $100.00 in a research report on Friday, July 15th. BMO Capital Markets cut their target price on shares of Hasbro from $85.00 to $80.00 in a research report on Thursday, July 21st. KeyCorp downgraded shares of Hasbro to a “sector weight” rating in a research report on Tuesday, July 19th. TheStreet downgraded shares of Hasbro from a “b” rating to a “c+” rating in a research report on Tuesday, April 19th. Finally, UBS Group cut their target price on shares of Hasbro to $120.00 in a research report on Tuesday, July 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $105.70.

Hasbro Company Profile

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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