CHICAGO TRUST Co NA Has $402,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

CHICAGO TRUST Co NA trimmed its position in Hasbro, Inc. (NASDAQ:HAS) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,186 shares of the company’s stock after selling 384 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Hasbro were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Czech National Bank lifted its stake in shares of Hasbro by 6.6% in the 4th quarter. Czech National Bank now owns 28,447 shares of the company’s stock valued at $1,590,000 after purchasing an additional 1,753 shares during the period. Graypoint LLC lifted its stake in Hasbro by 3.8% in the fourth quarter. Graypoint LLC now owns 11,038 shares of the company’s stock valued at $617,000 after buying an additional 404 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after buying an additional 259 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Hasbro during the 4th quarter worth about $566,000. Finally, Principal Financial Group Inc. grew its position in shares of Hasbro by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 153,904 shares of the company’s stock worth $11,130,000 after buying an additional 5,771 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Performance

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

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

Hasbro Announces Dividend

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

Insider Activity 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 stock was 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 $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America increased their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. DA Davidson raised their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. 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 research report on Friday, October 25th. Finally, Jefferies Financial Group lifted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average 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.