GW Henssler & Associates Ltd. Increases Position in Hasbro, Inc. $HAS

GW Henssler & Associates Ltd. lifted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,198 shares of the company’s stock after purchasing an additional 13,976 shares during the period. GW Henssler & Associates Ltd. owned about 0.19% of Hasbro worth $16,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in Hasbro during the 1st quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its stake in 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 in the last quarter. Allworth Financial LP increased its stake in Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after buying an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock worth $70,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HAS. Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Monness Crespi & Hardt boosted their price objective on Hasbro from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Citigroup boosted their price objective on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Roth Capital boosted their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, DA Davidson upped their price target on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.42.

Hasbro Price Performance

HAS stock opened at $81.17 on Monday. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business has a 50 day simple moving average of $77.24 and a 200-day simple moving average of $67.40. The firm has a market capitalization of $11.38 billion, a PE ratio of -19.99, a price-to-earnings-growth ratio of 1.05 and a beta of 0.59. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. Equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro’s dividend payout ratio is currently -68.97%.

About Hasbro

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.