AXQ Capital LP Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

AXQ Capital LP purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 12,668 shares of the company’s stock, valued at approximately $708,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after buying an additional 8,270 shares in the last quarter. American Trust acquired a new stake in Hasbro during the third quarter worth $634,000. Larson Financial Group LLC boosted its stake in Hasbro by 33.9% during the third quarter. Larson Financial Group LLC now owns 3,159 shares of the company’s stock worth $228,000 after buying an additional 799 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company’s stock worth $554,000 after buying an additional 2,426 shares in the last quarter. Finally, Capital Wealth Management LLC acquired a new stake in Hasbro during the fourth quarter worth $496,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $60.57 on Friday. The stock has a 50-day simple moving average of $60.76 and a 200 day simple moving average of $63.75. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 12-month low of $54.05 and a 12-month high of $73.46. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 0.60 and a beta of 0.51.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAS. Stifel Nicolaus decreased their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley reissued an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson lifted their price objective on Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Finally, Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.