International Assets Investment Management LLC Has $40.95 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

International Assets Investment Management LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 7,141.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,629 shares of the company’s stock after purchasing an additional 55,847 shares during the quarter. International Assets Investment Management LLC’s holdings in Hasbro were worth $40,950,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HAS. Brookstone Capital Management purchased a new stake in Hasbro in the 1st quarter worth about $203,000. Albion Financial Group UT lifted its position in shares of Hasbro by 18.9% in the first quarter. Albion Financial Group UT now owns 57,096 shares of the company’s stock worth $3,227,000 after purchasing an additional 9,086 shares in the last quarter. Leeward Investments LLC MA boosted its holdings in shares of Hasbro by 4.1% during the first quarter. Leeward Investments LLC MA now owns 202,703 shares of the company’s stock worth $11,457,000 after purchasing an additional 7,934 shares during the period. Principal Financial Group Inc. grew its position in Hasbro by 1.4% during the first quarter. Principal Financial Group Inc. now owns 149,136 shares of the company’s stock valued at $8,429,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Hasbro by 77.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock worth $2,750,000 after purchasing an additional 21,204 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday. Stifel Nicolaus raised their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.80.

Hasbro Price Performance

Shares of HAS stock opened at $66.42 on Monday. Hasbro, Inc. has a 1 year low of $42.66 and a 1 year high of $73.46. 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 firm’s 50 day moving average is $69.84 and its 200-day moving average is $63.65. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -8.90, a PEG ratio of 0.53 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.42. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. Sell-side analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.22%. Hasbro’s dividend payout ratio is currently -37.53%.

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.