FNY Investment Advisers LLC Purchases 2,300 Shares of Hasbro, Inc. (NASDAQ:HAS)

FNY Investment Advisers LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 59.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,200 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. FNY Investment Advisers LLC’s holdings in Hasbro were worth $346,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Hasbro during the 2nd quarter valued at approximately $27,000. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% in the third 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 position in shares of Hasbro in the third quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro in the third quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro during the 3rd quarter valued at about $45,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hasbro

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

Hasbro Trading Up 0.6 %

HAS stock opened at $57.40 on Tuesday. The firm has a market cap of $8.01 billion, a P/E ratio of -12.37, a PEG ratio of 0.57 and a beta of 0.64. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company’s 50-day simple moving average is $61.16 and its 200-day simple moving average is $64.42.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, equities analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -60.34%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

About Hasbro

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.