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

Wealth Alliance grew its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,377 shares of the company’s stock after buying an additional 790 shares during the quarter. Wealth Alliance’s holdings in Hasbro were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HAS. Lindbrook Capital LLC increased its stake in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after buying an additional 167 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC raised its stake in shares of Hasbro by 290.1% in the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Hasbro in the fourth quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Hasbro during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $71.21 on Friday. The firm’s 50 day simple moving average is $65.49 and its 200 day simple moving average is $60.64. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $72.25. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. During the same period last year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current year.

Hasbro Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HAS shares. DA Davidson restated a “neutral” rating and issued a $59.00 price objective on shares of Hasbro in a research report on Friday, July 26th. Bank of America upped their price target on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Morgan Stanley lifted their price objective on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus boosted their price objective on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, UBS Group raised their target price on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Four investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro 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.