CHICAGO TRUST Co NA Reduces Stock Position in Hasbro, Inc. (NASDAQ:HAS)

CHICAGO TRUST Co NA trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,570 shares of the company’s stock after selling 420 shares during the period. CHICAGO TRUST Co NA’s holdings in Hasbro were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Plato Investment Management Ltd purchased a new stake in shares of Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC grew its position in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hasbro in the 2nd quarter valued at $46,000. Summit Securities Group LLC purchased a new stake in Hasbro in the 2nd quarter valued at $47,000. Finally, Mather Group LLC. boosted its stake in Hasbro by 56.7% during the 3rd quarter. Mather Group LLC. now owns 804 shares of the company’s stock worth $58,000 after purchasing an additional 291 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Bank of America upped their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. DA Davidson reiterated a “neutral” rating and issued 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 $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $72.73.

Hasbro Stock Down 0.3 %

Shares of NASDAQ HAS opened at $72.13 on Monday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of -7.11, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.46. The firm has a 50-day moving average price of $68.57 and a 200 day moving average price of $62.70. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s quarterly revenue was down 17.7% on a year-over-year basis. Equities research analysts anticipate that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

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.