AlphaQuest LLC Sells 24,260 Shares of Hasbro, Inc. (NASDAQ:HAS)

AlphaQuest LLC cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 83.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,785 shares of the company's stock after selling 24,260 shares during the quarter. AlphaQuest LLC's holdings in Hasbro were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HAS. Huntington National Bank grew its stake in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company's stock worth $55,000 after purchasing an additional 163 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after acquiring an additional 166 shares in the last quarter. Keybank National Association OH increased its holdings in shares of Hasbro by 3.5% in the 4th quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after acquiring an additional 180 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after acquiring an additional 208 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Hasbro by 5.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock valued at $225,000 after acquiring an additional 210 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

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Hasbro Stock Up 1.0 %

Shares of Hasbro stock traded up $0.62 during trading on Wednesday, hitting $60.58. 983,406 shares of the stock traded hands, compared to its average volume of 1,617,145. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market cap of $8.45 billion, a P/E ratio of 22.03, a PEG ratio of 0.60 and a beta of 0.51. The company has a fifty day moving average price of $60.55 and a two-hundred day moving average price of $63.88. Hasbro, Inc. has a twelve month low of $53.91 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Equities research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.80 annualized dividend and a yield of 4.62%. Hasbro's dividend payout ratio is 101.82%.

Analyst Upgrades and Downgrades

HAS has been the subject of several recent research reports. Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. DA Davidson raised their target price on shares of Hasbro from $73.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, February 24th. Finally, Stifel Nicolaus dropped their target price on Hasbro from $82.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Hasbro has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

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.