Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Lifted by National Bank of Canada FI

National Bank of Canada FI increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 47.0% during the third quarter, Holdings Channel reports. The fund owned 52,596 shares of the company’s stock after acquiring an additional 16,809 shares during the quarter. National Bank of Canada FI’s holdings in Hasbro were worth $3,804,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. True Wealth Design LLC acquired a new stake in Hasbro during the 3rd quarter valued at $31,000. Blue Trust Inc. raised its position in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the period. Plato Investment Management Ltd purchased a new stake in Hasbro in the 2nd quarter worth about $27,000. Asset Dedication LLC boosted its position in Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in Hasbro during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.5 %

Hasbro stock opened at $64.05 on Friday. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The company’s fifty day moving average price is $66.74 and its two-hundred day moving average price is $64.70. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of -13.80, a PEG ratio of 0.61 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. On average, analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s payout ratio is -60.34%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HAS. Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America upped their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.67.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is owned by insiders.

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.