Quest Partners LLC Purchases 26,337 Shares of Hasbro, Inc. (NASDAQ:HAS)

Quest Partners LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 972.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,045 shares of the company's stock after purchasing an additional 26,337 shares during the quarter. Quest Partners LLC's holdings in Hasbro were worth $2,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in Hasbro by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company's stock worth $1,557,000 after acquiring an additional 8,280 shares in the last quarter. Intech Investment Management LLC lifted its stake in Hasbro by 351.7% in the 1st quarter. Intech Investment Management LLC now owns 24,411 shares of the company's stock valued at $1,380,000 after purchasing an additional 19,007 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Hasbro during the first quarter worth $1,064,000. Keeley Teton Advisors LLC grew its stake in shares of Hasbro by 2.5% during the first quarter. Keeley Teton Advisors LLC now owns 40,578 shares of the company's stock worth $2,293,000 after buying an additional 996 shares during the last quarter. Finally, BOKF NA lifted its stake in shares of Hasbro by 25.5% in the 1st quarter. BOKF NA now owns 10,753 shares of the company's stock valued at $605,000 after acquiring an additional 2,182 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Stock Up 0.1 %

HAS stock traded up $0.07 during midday trading on Tuesday, reaching $61.76. 1,341,332 shares of the company's stock traded hands, compared to its average volume of 1,622,681. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm's fifty day moving average price is $68.89 and its 200-day moving average price is $64.32. Hasbro, Inc. has a 52 week low of $43.74 and a 52 week high of $73.46. The company has a market cap of $8.62 billion, a price-to-earnings ratio of -13.30, a P/E/G ratio of 0.57 and a beta of 0.63.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm's revenue for the quarter was down 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. As a group, sell-side analysts forecast that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.53%. Hasbro's payout ratio is -60.34%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. DA Davidson lifted their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Hasbro from $78.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.67.

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.