Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. lifted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 38.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,320 shares of the company’s stock after purchasing an additional 3,996 shares during the quarter. Raymond James Trust N.A.’s holdings in Hasbro were worth $838,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC raised its holdings in Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Hasbro by 5.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock valued at $230,000 after acquiring an additional 215 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock valued at $1,895,000 after acquiring an additional 288 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Hasbro by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock valued at $1,524,000 after acquiring an additional 299 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake in Hasbro by 16.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock worth $123,000 after purchasing an additional 305 shares during the period. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Hasbro stock traded up $0.94 on Monday, hitting $68.96. The company’s stock had a trading volume of 71,614 shares, compared to its average volume of 1,723,953. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The firm has a market cap of $9.60 billion, a P/E ratio of -6.71, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The company has a fifty day moving average price of $61.58 and a 200-day moving average price of $58.24.

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

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.06%. Hasbro’s payout ratio is presently -27.61%.

Analyst Ratings Changes

HAS has been the subject of a number of research analyst reports. DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a report on Friday, July 26th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and raised their target price for the company from $61.00 to $74.00 in a report on Thursday, May 23rd. Bank of America upgraded 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. UBS Group increased their price target on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.