AXQ Capital LP Purchases New Stake in Hasbro, Inc. (NASDAQ:HAS)

AXQ Capital LP bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,668 shares of the company's stock, valued at approximately $708,000.

Several other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in Hasbro by 9.0% in the third quarter. Thrivent Financial for Lutherans now owns 55,983 shares of the company's stock worth $4,049,000 after purchasing an additional 4,617 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Hasbro by 4.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 33,168 shares of the company's stock worth $2,399,000 after purchasing an additional 1,541 shares during the period. Jennison Associates LLC acquired a new position in shares of Hasbro during the third quarter valued at $2,949,000. Advisors Asset Management Inc. increased its holdings in shares of Hasbro by 306.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,462 shares of the company's stock worth $757,000 after acquiring an additional 7,890 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Hasbro by 3.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,733 shares of the company's stock valued at $12,347,000 after purchasing an additional 4,964 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

Shares of NASDAQ:HAS traded down $0.11 on Thursday, reaching $61.38. 750,850 shares of the company traded hands, compared to its average volume of 1,560,411. The stock has a market capitalization of $8.56 billion, a PE ratio of 22.32, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company's 50 day moving average is $61.04 and its 200-day moving average is $63.63. Hasbro, Inc. has a fifty-two week low of $54.26 and a fifty-two week high of $73.46.

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Hasbro (NASDAQ:HAS - Get Free Report) last announced its 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. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro's payout ratio is 101.82%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Tuesday. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. DA Davidson lifted their target price on Hasbro from $73.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Roth Mkm boosted their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an "overweight" rating and set a $84.00 price target (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.22.

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.