AlphaQuest LLC Has $729,000 Stock Holdings in Hasbro, Inc. $HAS

Key Points

• AlphaQuest LLC increased its stake in Hasbro, Inc. by 147.9% during the 1st quarter, owning 11,862 shares valued at approximately $729,000.
• Several analysts raised their price targets for Hasbro, with JPMorgan Chase & Co. increasing their target from $75 to $94, reflecting a generally positive sentiment towards the company's stock.
• Hasbro's quarterly earnings surpassed expectations, reporting $1.30 EPS against a consensus estimate of $0.78, and had a revenue of $980.80 million compared to an estimate of $891.82 million.

AlphaQuest LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 147.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,862 shares of the company's stock after purchasing an additional 7,077 shares during the period. AlphaQuest LLC's holdings in Hasbro were worth $729,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Norinchukin Bank The boosted its position in Hasbro by 16.2% during the first quarter. Norinchukin Bank The now owns 7,049 shares of the company's stock valued at $433,000 after purchasing an additional 982 shares during the last quarter. Candriam S.C.A. acquired a new position in Hasbro during the first quarter valued at approximately $482,000. Hsbc Holdings PLC boosted its position in Hasbro by 1.2% during the first quarter. Hsbc Holdings PLC now owns 347,413 shares of the company's stock valued at $21,316,000 after purchasing an additional 4,022 shares during the last quarter. Northern Trust Corp boosted its position in Hasbro by 7.4% during the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock valued at $87,499,000 after purchasing an additional 98,425 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in Hasbro in the first quarter valued at approximately $178,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research analyst reports. UBS Group upped their price objective on Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Citigroup upped their price objective on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. DA Davidson upped their price objective on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Monness Crespi & Hardt upped their price objective on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and a consensus target price of $86.42.

Insiders Place Their Bets

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider owned 51,301 shares in the company, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the transaction, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock worth $2,970,828 in the last 90 days. Company insiders own 0.85% of the company's stock.

Hasbro Price Performance

Hasbro stock traded up $0.04 during mid-day trading on Thursday, reaching $81.60. 1,119,317 shares of the company were exchanged, compared to its average volume of 2,026,194. The company has a fifty day simple moving average of $76.98 and a 200-day simple moving average of $67.15. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $82.19. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The firm has a market cap of $11.44 billion, a PE ratio of -20.10, a PEG ratio of 1.05 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the company earned $1.22 EPS. The company's revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is -68.97%.

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.