58,055 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by Expect Equity LLC

Expect Equity LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,055 shares of the company's stock, valued at approximately $3,246,000. Hasbro accounts for about 3.4% of Expect Equity LLC's investment portfolio, making the stock its 7th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hasbro in the 4th quarter worth $540,000. Polymer Capital Management US LLC purchased a new position in Hasbro in the fourth quarter valued at approximately $502,000. Jones Financial Companies Lllp lifted its position in Hasbro by 32.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock valued at $554,000 after buying an additional 2,426 shares in the last quarter. Capital Wealth Management LLC purchased a new position in shares of Hasbro in the 4th quarter valued at $496,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Hasbro by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after purchasing an additional 5,778 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HAS. StockNews.com downgraded Hasbro from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley reiterated an "overweight" rating and issued a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson upgraded Hasbro to a "hold" rating in a research report on Monday, April 14th. Finally, Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.89.

Hasbro Price Performance

NASDAQ:HAS traded up $4.04 during trading hours on Monday, reaching $65.56. The company had a trading volume of 4,201,282 shares, compared to its average volume of 1,708,168. Hasbro, Inc. has a one year low of $49.00 and a one year high of $73.46. The stock has a 50-day moving average of $58.49 and a two-hundred day moving average of $60.31. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market capitalization of $9.17 billion, a PE ratio of 23.84, a PEG ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The firm had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the previous year, the company posted $0.61 EPS. Hasbro's revenue was up 17.1% on a year-over-year basis. Analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.27%. Hasbro's dividend payout ratio (DPR) is 92.41%.

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.