Cardinal Capital Management Increases Position in Hasbro, Inc. (NASDAQ:HAS)

Cardinal Capital Management increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,495 shares of the company's stock after acquiring an additional 9,393 shares during the period. Cardinal Capital Management owned approximately 0.06% of Hasbro worth $5,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HAS. Janney Montgomery Scott LLC boosted its position in shares of Hasbro by 15.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,310 shares of the company's stock valued at $1,618,000 after acquiring an additional 3,587 shares during the last quarter. Sound Income Strategies LLC lifted its position in Hasbro by 1.8% during the first quarter. Sound Income Strategies LLC now owns 170,028 shares of the company's stock valued at $10,455,000 after purchasing an additional 3,055 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Hasbro by 60.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after buying an additional 6,225 shares in the last quarter. Visionary Horizons LLC bought a new position in shares of Hasbro in the 1st quarter worth $618,000. Finally, CX Institutional lifted its holdings in shares of Hasbro by 20.7% during the 1st quarter. CX Institutional now owns 4,698 shares of the company's stock worth $289,000 after acquiring an additional 807 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAS. Morgan Stanley raised their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Citigroup raised their price objective on Hasbro from $72.00 to $79.00 and gave the company a "buy" rating in a research note on Monday. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Roth Mkm raised their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $81.25.

Hasbro Stock Performance

Shares of HAS traded up $0.88 on Wednesday, reaching $68.38. The company's stock had a trading volume of 363,475 shares, compared to its average volume of 1,906,835. The stock's 50 day simple moving average is $62.39 and its two-hundred day simple moving average is $60.86. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. The stock has a market capitalization of $9.58 billion, a P/E ratio of 22.57, a PEG ratio of 1.92 and a beta of 0.56. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $887.10 million for 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 was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. Research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. Hasbro's payout ratio is currently 92.41%.

About Hasbro

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.