Integrity Alliance LLC. Invests $548,000 in Hasbro, Inc. $HAS

Integrity Alliance LLC. acquired a new position in Hasbro, Inc. (NASDAQ:HASFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,683 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors have also made changes to their positions in the business. AlphaQuest LLC lifted its position in shares of Hasbro by 165.0% in the fourth quarter. AlphaQuest LLC now owns 26,983 shares of the company’s stock worth $2,213,000 after purchasing an additional 16,802 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Hasbro by 4.3% in the fourth quarter. Bleakley Financial Group LLC now owns 12,558 shares of the company’s stock worth $1,030,000 after purchasing an additional 517 shares in the last quarter. 44 Wealth Management LLC lifted its position in shares of Hasbro by 1.0% in the fourth quarter. 44 Wealth Management LLC now owns 16,758 shares of the company’s stock worth $1,374,000 after purchasing an additional 169 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Hasbro by 36.3% in the fourth quarter. Clearstead Advisors LLC now owns 8,202 shares of the company’s stock worth $673,000 after purchasing an additional 2,183 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of Hasbro by 2.1% in the fourth quarter. Prospera Financial Services Inc now owns 12,470 shares of the company’s stock worth $1,023,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HAS. Jefferies Financial Group boosted their price objective on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company cut their price objective on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Roth Mkm set a $120.00 target price on shares of Hasbro in a report on Wednesday, February 11th. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Bank of America boosted their target price on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.64.

Check Out Our Latest Stock Report on Hasbro

Key Hasbro News

Here are the key news stories impacting Hasbro this week:

Hasbro Price Performance

Shares of HAS opened at $86.17 on Friday. The company has a market cap of $12.19 billion, a price-to-earnings ratio of -51.91, a PEG ratio of 2.13 and a beta of 0.52. Hasbro, Inc. has a 1-year low of $64.85 and a 1-year high of $106.98. The company’s fifty day simple moving average is $92.52 and its 200 day simple moving average is $89.78. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59.

Hasbro (NASDAQ:HASGet Free Report) last issued its earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. On average, research analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, June 1st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, June 1st. Hasbro’s payout ratio is currently -168.67%.

About Hasbro

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HASFree Report).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.