AlphaQuest LLC Sells 746 Shares of Hasbro, Inc. $HAS

AlphaQuest LLC trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,116 shares of the company’s stock after selling 746 shares during the quarter. AlphaQuest LLC’s holdings in Hasbro were worth $821,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after acquiring an additional 269 shares during the period. Pittenger & Anderson Inc. bought a new position in Hasbro in the 2nd quarter valued at about $35,000. IFP Advisors Inc increased its holdings in Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after buying an additional 543 shares during the period. Allworth Financial LP increased its holdings in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after buying an additional 449 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after buying an additional 186 shares during the period. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAS has been the topic of several recent analyst reports. Monness Crespi & Hardt raised their target price on shares of Hasbro from $80.00 to $90.00 in a report on Wednesday, September 17th. Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Citigroup raised their target price on shares of Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their target price on shares of Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Bank of America raised their target price on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $89.18.

Insider Buying and Selling

In related news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares in the company, valued at $19,719,030.12. This trade represents a 10.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider owned 51,301 shares in the company, valued at approximately $4,094,332.81. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock worth $2,970,828 in the last ninety days. Company insiders own 0.85% of the company’s stock.

Hasbro Trading Down 1.6%

HAS opened at $76.70 on Monday. The company’s 50 day moving average is $77.01 and its 200-day moving average is $71.52. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The company has a market cap of $10.76 billion, a P/E ratio of -19.13, a PEG ratio of 0.98 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.63 by $0.05. Hasbro had a negative net margin of 12.81% and a positive return on equity of 82.17%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $1.73 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.80 annualized dividend and a yield of 3.7%. Hasbro’s dividend payout ratio (DPR) is currently -69.83%.

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.