1620 Investment Advisors Inc. Invests $326,000 in Hasbro, Inc. (NASDAQ:HAS)

1620 Investment Advisors Inc. bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,510 shares of the company’s stock, valued at approximately $326,000.

Several other large investors also recently made changes to their positions in HAS. Commonwealth Equity Services LLC boosted its stake in shares of Hasbro by 77.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after purchasing an additional 21,204 shares during the last quarter. Intech Investment Management LLC grew its position in Hasbro by 351.7% in the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock valued at $1,380,000 after purchasing an additional 19,007 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Hasbro by 95.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock worth $2,020,000 after acquiring an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Hasbro by 7.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock valued at $8,149,000 after acquiring an additional 10,961 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hasbro Trading Up 1.6 %

Shares of Hasbro stock opened at $66.65 on Thursday. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a market cap of $9.28 billion, a price-to-earnings ratio of -6.57, a PEG ratio of 0.53 and a beta of 0.61. The company’s 50-day moving average price is $69.82 and its 200-day moving average price is $63.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results 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. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The company’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. On average, equities analysts expect that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio is presently -27.61%.

About Hasbro

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.