Beverly Hills Private Wealth LLC Purchases Shares of 3,896 Hasbro, Inc. (NASDAQ:HAS)

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

Several other institutional investors and hedge funds have also modified their holdings of HAS. Vanguard Group Inc. boosted its holdings in shares of Hasbro by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock valued at $914,599,000 after buying an additional 404,527 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after buying an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Hasbro by 313.8% in 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 buying an additional 2,427,299 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings 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 valued at $147,791,000 after buying an additional 507,054 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Trading Down 2.2%

Shares of NASDAQ:HAS traded down $1.73 during midday trading on Friday, hitting $75.37. 1,679,254 shares of the stock were exchanged, compared to its average volume of 1,739,463. The business's 50-day moving average price is $68.62 and its 200 day moving average price is $62.20. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.12 and a beta of 0.59. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last posted 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. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the firm posted $0.61 EPS. The company's quarterly revenue was up 17.1% on a year-over-year basis. Analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Wall Street Analyst Weigh In

Several research firms have recently commented on HAS. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley raised their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the company from $66.00 to $85.00 in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $81.67.

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.