American Capital Advisory LLC Has $49,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

American Capital Advisory LLC lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 43.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 684 shares of the company’s stock after selling 516 shares during the period. American Capital Advisory LLC’s holdings in Hasbro were worth $49,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new stake in shares of Hasbro in the 2nd quarter valued at $27,000. Asset Dedication LLC increased its stake in Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 351 shares in the last quarter. Blue Trust Inc. increased its stake in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hasbro during the second quarter valued at about $46,000. Finally, Summit Securities Group LLC acquired a new position in shares of Hasbro during the second quarter valued at about $47,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 5.7 %

HAS traded down $3.83 on Wednesday, hitting $63.13. The company had a trading volume of 626,032 shares, compared to its average volume of 1,625,856. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.46. The stock has a fifty day simple moving average of $69.69 and a 200-day simple moving average of $64.22. The firm has a market capitalization of $8.81 billion, a P/E ratio of -14.43, a P/E/G ratio of 0.61 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The firm’s quarterly revenue was down 14.8% compared to the same quarter last year. As a group, equities analysts expect that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th 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 4.44%. The ex-dividend date is Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAS. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Bank of America boosted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

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.