WESPAC Advisors LLC Takes $577,000 Position in Hasbro, Inc. $HAS

WESPAC Advisors LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,612 shares of the company’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Hasbro in the fourth quarter worth $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hasbro by 11.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock worth $1,018,000 after purchasing an additional 1,753 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Hasbro by 95.8% in the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock worth $811,000 after purchasing an additional 6,451 shares in the last quarter. Woodline Partners LP grew its stake in Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Hasbro during the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS opened at $86.87 on Wednesday. The business’s 50-day moving average is $81.46 and its two-hundred day moving average is $78.55. The company has a market capitalization of $12.19 billion, a P/E ratio of -21.66, a P/E/G ratio of 1.55 and a beta of 0.55. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $89.20. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.42 and a current ratio of 1.70.

Hasbro (NASDAQ:HAS) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. Research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.2%. Hasbro’s dividend payout ratio (DPR) is presently -69.83%.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,320,958.48. The trade was a 18.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HAS. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of Hasbro from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Jefferies Financial Group raised their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 29th. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, UBS Group raised their target price on Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.25.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.