Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,287 shares of the company’s stock after purchasing an additional 744 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Hasbro were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new stake in shares of Hasbro during the 3rd quarter worth about $40,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro during the 3rd quarter worth about $45,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

HAS stock opened at $67.05 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 0.60 and a beta of 0.64. Hasbro, Inc. has a 12 month low of $48.63 and a 12 month high of $73.46. The firm has a 50 day moving average of $58.55 and a two-hundred day moving average of $64.23.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, March 3rd. Hasbro’s payout ratio is 101.82%.

Insider Transactions at Hasbro

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

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of recent analyst reports. Roth Mkm boosted their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday. DA Davidson lifted their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a research report on Friday. Finally, Stifel Nicolaus lowered their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

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.