Wealth Alliance LLC Purchases New Holdings in Hasbro, Inc. (NASDAQ:HAS)

Wealth Alliance LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,368 shares of the company's stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky increased its holdings in Hasbro by 3.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,087 shares of the company's stock valued at $621,000 after purchasing an additional 306 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Hasbro by 62.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 12,109 shares of the company's stock valued at $745,000 after purchasing an additional 4,633 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Hasbro in the first quarter valued at about $419,000. Tectonic Advisors LLC increased its holdings in Hasbro by 12.6% in the first quarter. Tectonic Advisors LLC now owns 129,429 shares of the company's stock valued at $7,959,000 after purchasing an additional 14,452 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Down 0.1%

Shares of HAS stock traded down $0.07 on Friday, hitting $74.98. 2,541,981 shares of the stock were exchanged, compared to its average volume of 2,643,605. The company has a current ratio of 1.66, a quick ratio of 1.40 and a debt-to-equity ratio of 12.31. The firm has a market capitalization of $10.51 billion, a P/E ratio of -18.47, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. The business has a 50-day moving average of $71.42 and a 200 day moving average of $63.73. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last posted 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 analysts' expectations of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. Hasbro's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. Equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.73%. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Analysts Set New Price Targets

A number of research firms recently commented on HAS. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the company from $66.00 to $85.00 in a report on Monday, June 30th. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Morgan Stanley boosted their target price on Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Monness Crespi & Hardt boosted their target price on Hasbro from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $86.27.

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.