Quest Partners LLC Has $2.10 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Quest Partners LLC raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 972.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,045 shares of the company’s stock after acquiring an additional 26,337 shares during the quarter. Quest Partners LLC’s holdings in Hasbro were worth $2,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank grew its stake in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares during the period. Axiom Advisory LLC grew its stake in Hasbro by 1.6% in the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after acquiring an additional 170 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after acquiring an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on HAS shares. Bank of America upped their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus upped their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. DA Davidson increased their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Trading Down 0.8 %

Shares of Hasbro stock opened at $61.69 on Tuesday. The stock has a fifty day moving average price of $69.01 and a 200-day moving average price of $64.32. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market cap of $8.61 billion, a PE ratio of -13.30, a P/E/G ratio of 0.58 and a beta of 0.63. Hasbro, Inc. has a 1 year low of $43.74 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities research analysts anticipate that Hasbro, Inc. will post 3.94 EPS for the current 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. This represents a $2.80 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is -60.34%.

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.