International Assets Investment Management LLC Raises Position in Hasbro, Inc. (NASDAQ:HAS)

International Assets Investment Management LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 7,141.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,629 shares of the company's stock after buying an additional 55,847 shares during the period. International Assets Investment Management LLC's holdings in Hasbro were worth $40,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Brookstone Capital Management acquired a new position in Hasbro in the first quarter valued at $203,000. Albion Financial Group UT boosted its position in shares of Hasbro by 18.9% in the 1st quarter. Albion Financial Group UT now owns 57,096 shares of the company's stock valued at $3,227,000 after purchasing an additional 9,086 shares during the period. Leeward Investments LLC MA grew its stake in Hasbro by 4.1% during the 1st quarter. Leeward Investments LLC MA now owns 202,703 shares of the company's stock worth $11,457,000 after buying an additional 7,934 shares during the last quarter. Principal Financial Group Inc. increased its position in Hasbro by 1.4% during the first quarter. Principal Financial Group Inc. now owns 149,136 shares of the company's stock worth $8,429,000 after buying an additional 2,082 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Hasbro by 77.2% in the first quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company's stock valued at $2,750,000 after buying an additional 21,204 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAS has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Bank of America raised their target price on Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. DA Davidson upped their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Stifel Nicolaus upped their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $77.80.

Hasbro Price Performance

NASDAQ:HAS traded down $0.62 during trading hours on Monday, reaching $65.80. 2,442,906 shares of the company traded hands, compared to its average volume of 1,639,296. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.46. The stock has a market cap of $9.16 billion, a P/E ratio of -6.50, a P/E/G ratio of 0.53 and a beta of 0.61. The firm's 50-day moving average is $69.84 and its 200-day moving average is $63.70. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm's quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 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 4.26%. The ex-dividend date is Wednesday, November 20th. Hasbro's dividend payout ratio is currently -27.61%.

Hasbro Company 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.