Hasbro, Inc. $HAS Shares Purchased by AXQ Capital LP

AXQ Capital LP raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 304.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,993 shares of the company’s stock after acquiring an additional 9,779 shares during the quarter. AXQ Capital LP’s holdings in Hasbro were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Hasbro by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock worth $1,392,088,000 after buying an additional 453,038 shares during the period. State Street Corp boosted its holdings in shares of Hasbro by 2.1% in the second quarter. State Street Corp now owns 6,508,052 shares of the company’s stock worth $480,424,000 after buying an additional 131,678 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock worth $299,700,000 after buying an additional 122,592 shares during the period. Bank of America Corp DE boosted its holdings in shares of Hasbro by 21.9% in the third quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock worth $275,579,000 after buying an additional 651,790 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Hasbro by 30.9% in the third quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock worth $224,338,000 after buying an additional 697,836 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS stock opened at $83.88 on Wednesday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65. The stock has a market cap of $11.87 billion, a P/E ratio of -50.53, a P/E/G ratio of 2.10 and a beta of 0.48. The firm has a 50 day simple moving average of $92.39 and a 200 day simple moving average of $89.91. Hasbro, Inc. has a 52 week low of $64.85 and a 52 week high of $106.98.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. Hasbro’s payout ratio is -168.67%.

Wall Street Analyst Weigh In

Several research analysts have commented on HAS shares. Citigroup decreased their target price on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Wells Fargo & Company decreased their target price on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Finally, UBS Group raised their target price on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

Hasbro Profile

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.