Freestone Capital Holdings LLC Invests $2.79 Million in Hasbro, Inc. $HAS

Key Points

• Freestone Capital Holdings LLC has invested approximately $2.79 million in Hasbro, acquiring 45,369 shares during the first quarter.
• Hasbro's stock has received multiple upgrades from analysts, with target prices ranging from $85 to $92, indicating a generally favorable outlook.
• The company has announced a quarterly dividend of $0.70 per share, representing an annual yield of 3.5%, to be paid on September 3rd.

Freestone Capital Holdings LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 45,369 shares of the company's stock, valued at approximately $2,790,000.

Several other large investors have also made changes to their positions in HAS. Parvin Asset Management LLC purchased a new stake in shares of Hasbro during the fourth quarter worth approximately $25,000. Sentry Investment Management LLC purchased a new stake in shares of Hasbro during the first quarter worth approximately $28,000. SBI Securities Co. Ltd. increased its position in shares of Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after purchasing an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after purchasing an additional 449 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HAS shares. Monness Crespi & Hardt upped their target price on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Roth Capital upped their target price on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and upped their target price for the company from $66.00 to $85.00 in a report on Monday, June 30th. Citigroup upped their target price on Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.42.

Hasbro Trading Up 0.7%

HAS opened at $81.14 on Monday. Hasbro, Inc. has a one year low of $49.00 and a one year high of $81.31. The company has a market cap of $11.38 billion, a P/E ratio of -19.99, a PEG ratio of 1.05 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The business's 50-day simple moving average is $74.74 and its 200-day simple moving average is $65.86.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating 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 business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. During the same quarter in the prior year, the business posted $1.22 EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors 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 3.5%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

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.

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