Sound View Wealth Advisors Group LLC Makes New Investment in Hasbro, Inc. $HAS

Sound View Wealth Advisors Group LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,832 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors have also recently modified their holdings of the business. Pittenger & Anderson Inc. purchased a new position in Hasbro in the second quarter worth $35,000. SBI Securities Co. Ltd. grew 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 purchasing an additional 269 shares during the period. IFP Advisors Inc increased its holdings in shares of Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after purchasing an additional 543 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Hasbro by 93.2% in the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after purchasing an additional 449 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Hasbro in the second quarter valued at about $82,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research analyst reports. Roth Capital set a $96.00 target price on shares of Hasbro and gave the company a “buy” rating in a report on Friday, October 24th. UBS Group upped their price target on Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Monness Crespi & Hardt boosted their target price on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Wall Street Zen raised Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price of $89.25.

Hasbro Trading Up 2.1%

Shares of Hasbro stock opened at $78.15 on Tuesday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The business has a 50 day moving average price of $76.13 and a 200 day moving average price of $73.49. The company has a market capitalization of $10.97 billion, a P/E ratio of -19.49, a P/E/G ratio of 0.98 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm earned $1.73 EPS. Hasbro’s quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, November 19th. Hasbro’s dividend payout ratio (DPR) is currently -69.83%.

Insider Activity at Hasbro

In other news, CEO Christian P. Cocks sold 27,800 shares of the business’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 of the company’s stock, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Roberta K. Thomson sold 1,002 shares of the company’s 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 in the company, valued at $4,094,332.81. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,359 shares of company stock valued at $2,970,828. 0.85% of the stock is owned by 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.