Massmutual Trust Co. FSB ADV Acquires 288 Shares of Hasbro, Inc. (NASDAQ:HAS)

Massmutual Trust Co. FSB ADV raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,400 shares of the company’s stock after purchasing an additional 288 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Hasbro were worth $1,895,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HAS. Lindbrook Capital LLC raised its position in Hasbro by 56.2% during the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the period. Optiver Holding B.V. purchased a new position in shares of Hasbro in the fourth quarter worth $36,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock valued at $43,000 after buying an additional 456 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in Hasbro in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 1.0 %

NASDAQ:HAS traded down $0.61 during trading hours on Monday, hitting $62.85. The company had a trading volume of 2,180,864 shares, compared to its average volume of 1,803,061. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.57. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a 50-day moving average of $59.85 and a 200 day moving average of $56.59. The company has a market cap of $8.76 billion, a P/E ratio of -6.08, a P/E/G ratio of 0.51 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. Sell-side analysts expect that Hasbro, Inc. will post 3.89 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is currently -27.61%.

Insider Transactions at Hasbro

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the transaction, the executive vice president now owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of a number of research reports. UBS Group increased their price objective on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 24th. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. DA Davidson reaffirmed a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Jefferies Financial Group upped their price target on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Bank of America raised Hasbro from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $80.00 in a report on Friday, June 14th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average price target of $69.64.

Hasbro 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.