3,896 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Beverly Hills Private Wealth LLC

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Vanguard Group Inc. lifted its stake 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 purchasing an additional 404,527 shares during the period. Geode Capital Management LLC grew its holdings in shares of Hasbro by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after acquiring an additional 59,794 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Hasbro by 313.8% during the fourth 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. Invesco Ltd. grew its holdings in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Hasbro by 23.7% in the fourth 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. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Up 1.2%

HAS traded up $0.93 during trading hours on Thursday, hitting $77.61. 760,009 shares of the company's stock were exchanged, compared to its average volume of 1,998,268. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83. The firm has a 50 day moving average of $68.29 and a 200 day moving average of $62.06. The firm has a market cap of $10.88 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.11 and a beta of 0.59. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. Analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 3.61%. Hasbro's dividend payout ratio (DPR) is currently 92.41%.

Wall Street Analysts Forecast Growth

HAS has been the topic of a number of research reports. DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Citigroup reissued a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $66.00 to $85.00 in a report on Monday, June 30th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley boosted their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.