Apollon Wealth Management LLC Acquires 1,377 Shares of Hasbro, Inc. (NASDAQ:HAS)

Apollon Wealth Management LLC grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 30.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,936 shares of the company’s stock after purchasing an additional 1,377 shares during the quarter. Apollon Wealth Management LLC’s holdings in Hasbro were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HAS. Russell Investments Group Ltd. raised its holdings in shares of Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after purchasing an additional 8,280 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Hasbro by 7.8% during 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 purchasing an additional 10,961 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Hasbro by 351.7% during the 1st 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. Edgestream Partners L.P. bought a new position in shares of Hasbro during the 1st quarter valued at $1,064,000. Finally, Jacobi Capital Management LLC bought a new position in shares of Hasbro during the 1st quarter valued at $341,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $62.21 on Monday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. The company’s fifty day moving average is $69.01 and its two-hundred day moving average is $64.29. Hasbro, Inc. has a 52-week low of $43.74 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business posted $1.64 EPS. The business’s quarterly revenue was down 14.8% on a year-over-year basis. Equities research analysts forecast that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.50%. Hasbro’s dividend payout ratio (DPR) is currently -60.34%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson lifted their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Stifel Nicolaus lifted their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley lifted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $80.67.

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.