Signaturefd LLC Acquires 791 Shares of Hasbro, Inc. (NASDAQ:HAS)

Signaturefd LLC boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 41.3% during the third quarter, Holdings Channel.com reports. The fund owned 2,708 shares of the company’s stock after buying an additional 791 shares during the quarter. Signaturefd LLC’s holdings in Hasbro were worth $196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management bought a new position in shares of Hasbro in the first quarter worth approximately $203,000. Albion Financial Group UT grew its stake in Hasbro by 18.9% in the 1st quarter. Albion Financial Group UT now owns 57,096 shares of the company’s stock worth $3,227,000 after buying an additional 9,086 shares in the last quarter. Leeward Investments LLC MA increased its holdings in shares of Hasbro by 4.1% in 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 holdings in shares of Hasbro by 1.4% in the 1st 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 last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Hasbro by 77.2% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of research analyst reports. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group raised their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Morgan Stanley boosted their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America increased their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.80.

Hasbro Trading Up 0.5 %

NASDAQ:HAS opened at $66.42 on Monday. The firm has a market capitalization of $9.26 billion, a P/E ratio of -8.90, a P/E/G ratio of 0.53 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The company has a fifty day moving average of $69.84 and a 200 day moving average of $63.65. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.31 by $0.42. The firm 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 22.78% and a positive return on equity of 38.83%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, research analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. Hasbro’s dividend payout ratio is currently -37.53%.

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.