Beverly Hills Private Wealth LLC Invests $240,000 in Hasbro, Inc. (NASDAQ:HAS)

Beverly Hills Private Wealth LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,896 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds have also recently added to or reduced their stakes in HAS. Kovitz Investment Group Partners LLC boosted its stake in Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the period. Norges Bank bought a new stake in shares of Hasbro in the 4th quarter worth approximately $96,359,000. Invesco Ltd. lifted its position in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after acquiring an additional 701,660 shares during the period. Marshall Wace LLP lifted its position in shares of Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after acquiring an additional 507,054 shares during the period. Finally, Amundi lifted its position in shares of Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company's stock worth $46,827,000 after acquiring an additional 423,249 shares during the period. Institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HAS shares. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Citigroup reiterated a "buy" rating and issued a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Morgan Stanley raised their price objective on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. DA Davidson reiterated a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $81.67.

Hasbro Price Performance

HAS stock traded up $0.42 during midday trading on Thursday, reaching $77.10. 1,833,698 shares of the company's stock traded hands, compared to its average volume of 1,739,703. The company has a 50-day simple moving average of $68.29 and a two-hundred day simple moving average of $62.06. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.83. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 2.12 and a beta of 0.59. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The business's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.63%. Hasbro's payout ratio is 92.41%.

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.