WASHINGTON TRUST Co Purchases 12,352 Shares of Hasbro, Inc. $HAS

WASHINGTON TRUST Co lifted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,221 shares of the company’s stock after acquiring an additional 12,352 shares during the period. WASHINGTON TRUST Co owned 0.08% of Hasbro worth $8,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its holdings in shares of Hasbro by 4,246.5% during the third quarter. TD Waterhouse Canada Inc. now owns 80,193 shares of the company’s stock valued at $6,040,000 after purchasing an additional 78,348 shares during the last quarter. Prudential Financial Inc. boosted its position in Hasbro by 14.2% during the 2nd quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock valued at $11,759,000 after purchasing an additional 19,752 shares during the period. AGF Management Ltd. bought a new position in Hasbro during the 3rd quarter worth $895,000. Principal Financial Group Inc. grew its stake in Hasbro by 34.0% during the 3rd quarter. Principal Financial Group Inc. now owns 197,629 shares of the company’s stock worth $14,990,000 after buying an additional 50,189 shares during the last quarter. Finally, Truist Financial Corp increased its position in Hasbro by 28.7% in the third quarter. Truist Financial Corp now owns 54,210 shares of the company’s stock worth $4,112,000 after buying an additional 12,084 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity

In related news, insider Timothy J. Kilpin sold 7,773 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total transaction of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares in the company, valued at $3,762,384. This represents a 17.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $104.98, for a total value of $1,590,237.04. Following the transaction, the executive vice president owned 50,174 shares in the company, valued at $5,267,266.52. This represents a 23.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,931 shares of company stock worth $22,535,763 in the last 90 days. Insiders own 0.85% of the company’s stock.

Hasbro Trading Down 0.8%

NASDAQ:HAS opened at $99.59 on Monday. The stock has a market cap of $14.01 billion, a PE ratio of -42.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.54. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. The stock’s 50-day moving average is $91.32 and its two-hundred day moving average is $82.81. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $0.99 by $0.52. Hasbro had a negative net margin of 6.86% and a positive return on equity of 127.21%. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was up 31.3% on a year-over-year basis. As a group, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, February 18th. Hasbro’s payout ratio is -119.15%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HAS. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of Hasbro in a research report on Wednesday, February 11th. Seaport Research Partners raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Wolfe Research upped their price objective on shares of Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, The Goldman Sachs Group increased their target price on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.08.

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.