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

WASHINGTON TRUST Co boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,221 shares of the company’s stock after acquiring an additional 12,352 shares during the quarter. WASHINGTON TRUST Co’s holdings in Hasbro were worth $8,815,000 as of its most recent SEC filing.

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

Insider Transactions at Hasbro

In other news, CFO Gina M. Goetter sold 12,429 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $103.46, for a total value of $1,285,904.34. Following the completion of the sale, the chief financial officer owned 68,221 shares of the company’s stock, valued at approximately $7,058,144.66. The trade was a 15.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tarrant L. Sibley sold 15,148 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $104.98, for a total value of $1,590,237.04. Following the sale, the executive vice president directly owned 50,174 shares in the company, valued at $5,267,266.52. This represents a 23.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 216,931 shares of company stock valued at $22,535,763. 0.85% of the stock is currently owned by company insiders.

Hasbro Price Performance

Shares of HAS opened at $99.59 on Monday. The company has a 50 day moving average of $91.32 and a 200-day moving average of $82.81. The company has a quick ratio of 1.24, a current ratio of 1.38 and a debt-to-equity ratio of 4.89. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $106.98. The stock has a market capitalization of $14.01 billion, a P/E ratio of -42.38, a P/E/G ratio of 1.72 and a beta of 0.54.

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

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders 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 of this dividend is Wednesday, February 18th. Hasbro’s dividend payout ratio is currently -119.15%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Seaport Research Partners raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Morgan Stanley upped their target price on shares of Hasbro from $103.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Citigroup increased their price target on shares of Hasbro from $97.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Hasbro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on Hasbro from $94.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.