13,251 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,251 shares of the company's stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAS. Toronto Dominion Bank lifted its holdings in Hasbro by 2.9% during the 4th quarter. Toronto Dominion Bank now owns 52,495 shares of the company's stock worth $2,935,000 after buying an additional 1,485 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Hasbro during the 4th quarter worth about $3,719,000. Castleark Management LLC lifted its holdings in Hasbro by 2.6% during the 4th quarter. Castleark Management LLC now owns 103,500 shares of the company's stock worth $5,787,000 after buying an additional 2,660 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Hasbro by 7.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 596,545 shares of the company's stock worth $33,353,000 after buying an additional 41,016 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in Hasbro during the 4th quarter worth about $440,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Roth Mkm boosted their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 target price for the company in a report on Friday, April 25th. Morgan Stanley reissued 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. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Hasbro has a consensus rating of "Buy" and a consensus price target of $81.25.

Hasbro Stock Performance

Shares of HAS stock traded down $1.10 during trading hours on Wednesday, reaching $66.28. 1,182,449 shares of the company's stock were exchanged, compared to its average volume of 1,719,147. The company has a market cap of $9.29 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The company's 50 day moving average is $59.66 and its two-hundred day moving average is $60.43. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29.

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, topping analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Equities research analysts anticipate 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 will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) 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.