Ieq Capital LLC Has $1.56 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Ieq Capital LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 76.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,917 shares of the company’s stock after purchasing an additional 12,091 shares during the period. Ieq Capital LLC’s holdings in Hasbro were worth $1,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank grew its holdings in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after buying an additional 163 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the period. Principal Securities Inc. grew its position in shares of Hasbro by 16.4% during the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock worth $83,000 after purchasing an additional 208 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Hasbro by 5.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after purchasing an additional 210 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Hasbro by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock valued at $797,000 after buying an additional 259 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on HAS shares. DA Davidson increased their target price on Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday. Stifel Nicolaus decreased their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Roth Mkm upped their price target on shares of Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.22.

Hasbro Price Performance

Hasbro stock opened at $67.05 on Tuesday. The company has a market capitalization of $9.35 billion, a PE ratio of 24.38, a P/E/G ratio of 0.60 and a beta of 0.64. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The stock has a 50-day moving average price of $58.55 and a two-hundred day moving average price of $64.23. Hasbro, Inc. has a 12 month low of $48.63 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, February 20th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.02 billion. Analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, March 3rd will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. Hasbro’s payout ratio is 101.82%.

Hasbro 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.