AXQ Capital LP Purchases 9,779 Shares of Hasbro, Inc. $HAS

AXQ Capital LP increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 304.3% during the fourth quarter, HoldingsChannel reports. The fund owned 12,993 shares of the company’s stock after acquiring an additional 9,779 shares during the quarter. AXQ Capital LP’s holdings in Hasbro were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new stake in Hasbro in the 2nd quarter valued at $25,000. MUFG Securities EMEA plc bought a new stake in Hasbro in the 2nd quarter valued at $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Hasbro in the 3rd quarter valued at $34,000. Wexford Capital LP bought a new stake in Hasbro in the 3rd quarter valued at $37,000. Finally, Leonteq Securities AG bought a new stake in Hasbro in the 4th quarter valued at $49,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $83.88 on Wednesday. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of -50.53, a P/E/G ratio of 2.10 and a beta of 0.48. The firm’s 50 day simple moving average is $92.39 and its 200 day simple moving average is $89.91. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a fifty-two week low of $64.85 and a fifty-two week high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. Hasbro’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. As a group, sell-side analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is currently -168.67%.

Analyst Ratings Changes

Several equities research analysts have issued reports on HAS shares. Wolfe Research boosted their price target on shares of Hasbro from $90.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup decreased their price objective on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Bank of America increased their price target on Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.64.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.