AlphaQuest LLC Lowers Stock Position in Hasbro, Inc. (NASDAQ:HAS)

AlphaQuest LLC lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 83.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,785 shares of the company’s stock after selling 24,260 shares during the period. AlphaQuest LLC’s holdings in Hasbro were worth $268,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. increased 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 valued at $11,130,000 after purchasing an additional 5,771 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Hasbro by 95.2% during the third quarter. Los Angeles Capital Management LLC now owns 10,272 shares of the company’s stock valued at $743,000 after acquiring an additional 5,010 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Hasbro by 30.2% during the third quarter. Apollon Wealth Management LLC now owns 5,936 shares of the company’s stock worth $429,000 after acquiring an additional 1,377 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Hasbro by 194.2% in the 3rd quarter. GSA Capital Partners LLP now owns 11,896 shares of the company’s stock worth $860,000 after acquiring an additional 7,852 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Hasbro by 198.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,932 shares of the company’s stock valued at $863,000 after purchasing an additional 7,930 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of HAS stock opened at $59.79 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. Hasbro, Inc. has a fifty-two week low of $52.61 and a fifty-two week high of $73.46. The firm has a market cap of $8.34 billion, a P/E ratio of 21.74, a P/E/G ratio of 0.60 and a beta of 0.51. The business’s 50 day moving average price is $60.43 and its 200-day moving average price is $64.02.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, March 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Monday, March 3rd. Hasbro’s payout ratio is currently 101.82%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HAS. 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 note on Friday, February 21st. Stifel Nicolaus lowered their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.