Wealth Alliance Buys 790 Shares of Hasbro, Inc. (NASDAQ:HAS)

Wealth Alliance boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 22.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,377 shares of the company’s stock after acquiring an additional 790 shares during the quarter. Wealth Alliance’s holdings in Hasbro were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAS. Lindbrook Capital LLC raised its stake in shares of Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the period. Plato Investment Management Ltd bought a new position in shares of Hasbro during the second quarter worth about $27,000. Asset Dedication LLC raised its position in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares during the last quarter. Optiver Holding B.V. bought a new stake in Hasbro in the 4th quarter valued at approximately $36,000. Finally, International Assets Investment Management LLC acquired a new position in Hasbro during the 2nd quarter worth approximately $46,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Bank of America increased their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Morgan Stanley increased their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, UBS Group boosted their price target on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $71.21 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $9.91 billion, a P/E ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $72.25. The stock has a 50 day moving average of $65.49 and a 200-day moving average of $60.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. The firm had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company’s quarterly revenue was down 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were issued a $0.70 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 annualized dividend and a yield of 3.93%. Hasbro’s dividend payout ratio is currently -27.61%.

About Hasbro

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.