Qsemble Capital Management LP Cuts Stake in Hasbro, Inc. (NASDAQ:HAS)

Qsemble Capital Management LP lessened its stake in Hasbro, Inc. (NASDAQ:HAS) by 61.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,582 shares of the company’s stock after selling 20,079 shares during the quarter. Qsemble Capital Management LP’s holdings in Hasbro were worth $910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in shares of Hasbro in the second quarter valued at $27,000. Asset Dedication LLC increased its stake in Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Hasbro in the 2nd quarter worth approximately $46,000. Finally, Summit Securities Group LLC bought a new position in shares of Hasbro during the 2nd quarter valued at approximately $47,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 0.5 %

Shares of NASDAQ HAS opened at $64.00 on Wednesday. Hasbro, Inc. has a twelve month low of $44.85 and a twelve month high of $73.46. The business has a fifty day simple moving average of $68.19 and a two-hundred day simple moving average of $64.39. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Announces Dividend

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 paid a dividend of $0.70 per share. 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 4.38%. Hasbro’s dividend payout ratio is presently -60.34%.

Analyst Upgrades and Downgrades

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

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.