AlphaQuest LLC Acquires 16,802 Shares of Hasbro, Inc. $HAS

AlphaQuest LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 165.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,983 shares of the company’s stock after buying an additional 16,802 shares during the period. AlphaQuest LLC’s holdings in Hasbro were worth $2,213,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HAS. CYBER HORNET ETFs LLC bought a new position in Hasbro in the 2nd quarter valued at $25,000. MUFG Securities EMEA plc bought a new position in Hasbro in the 2nd quarter valued at $28,000. Foster Dykema Cabot & Partners LLC bought a new position in Hasbro in the 3rd quarter valued at $34,000. Wexford Capital LP bought a new position in Hasbro in the 3rd quarter valued at $37,000. Finally, Leonteq Securities AG bought a new position in Hasbro in the 4th quarter valued at $49,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Trading Down 0.1%

Shares of NASDAQ HAS opened at $87.99 on Wednesday. The business has a fifty day moving average price of $92.86 and a 200 day moving average price of $89.66. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a 1-year low of $64.85 and a 1-year high of $106.98. The stock has a market capitalization of $12.45 billion, a P/E ratio of -53.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.52.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $969.20 million. During the same period last year, the business posted $1.04 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts expect that Hasbro, Inc. will post 5.92 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared 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 3.2%. Hasbro’s dividend payout ratio (DPR) is -168.67%.

Insider Buying and Selling

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HAS. Jefferies Financial Group increased their price target on Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. UBS Group increased their price target on Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Morgan Stanley increased their price target on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Wolfe Research upped their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $113.64.

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.