Prospera Financial Services Inc Buys 8,059 Shares of Hasbro, Inc. $HAS

Prospera Financial Services Inc increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 101.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,991 shares of the company’s stock after buying an additional 8,059 shares during the period. Prospera Financial Services Inc’s holdings in Hasbro were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after acquiring an additional 269 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $35,000. IFP Advisors Inc lifted its stake in Hasbro by 489.2% in the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after purchasing an additional 543 shares during the last quarter. Allworth Financial LP grew its holdings in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after purchasing an additional 449 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its holdings in Hasbro by 58.8% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,221 shares of the company’s stock valued at $74,000 after purchasing an additional 452 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Seaport Res Ptn raised Hasbro to a “strong-buy” rating in a research report on Monday. DA Davidson boosted their price objective on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wolfe Research increased their target price on shares of Hasbro from $89.00 to $90.00 in a research report on Wednesday, October 29th. Monness Crespi & Hardt lifted their target price on shares of Hasbro from $80.00 to $90.00 in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group upped their price target on shares of Hasbro from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

Hasbro Stock Up 0.9%

HAS stock opened at $79.13 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. The firm has a market capitalization of $11.10 billion, a PE ratio of -19.73, a PEG ratio of 0.98 and a beta of 0.61. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The stock has a 50-day simple moving average of $76.11 and a two-hundred day simple moving average of $73.65.

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

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.5%. Hasbro’s dividend payout ratio is currently -69.83%.

Insider Buying and Selling at Hasbro

In other Hasbro news, Director Hope F. Cochran sold 4,000 shares of the firm’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 of the company’s stock, valued at $1,320,958.48. This trade represents a 18.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the transaction, the insider owned 44,301 shares of the company’s stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,357 shares of company stock valued at $3,199,818 in the last three months. Company insiders own 0.85% of the company’s stock.

Hasbro Company 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.