Founders Financial Alliance LLC Invests $232,000 in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Founders Financial Alliance LLC has acquired a new stake in Hasbro, Inc., purchasing 3,771 shares for approximately $232,000 during the first quarter of the year.
• Many institutional investors have increased their stakes in Hasbro, with the majority of shares (91.83%) owned by hedge funds and other institutional investors.
• Research analysts have positively revised their price targets for Hasbro, with the average target now at $86.27 and a consensus rating of "Moderate Buy."

Founders Financial Alliance LLC purchased a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,771 shares of the company's stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Kovitz Investment Group Partners LLC increased its position in Hasbro by 313.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after purchasing an additional 507,054 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Hasbro in the 4th quarter valued at about $23,623,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Hasbro in the 1st quarter valued at about $25,381,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

HAS has been the topic of several research analyst reports. Roth Capital lifted their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. 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 report on Thursday, July 17th. Monness Crespi & Hardt increased their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley increased their price objective on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.27.

Hasbro Stock Up 0.9%

HAS traded up $0.68 during trading hours on Tuesday, reaching $78.25. 2,132,181 shares of the stock traded hands, compared to its average volume of 2,478,115. The firm's fifty day simple moving average is $73.83 and its two-hundred day simple moving average is $65.35. The company has a market cap of $10.97 billion, a price-to-earnings ratio of -19.27, a PEG ratio of 1.02 and a beta of 0.60. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32.

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

Hasbro Announces Dividend

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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is currently -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.