Edgestream Partners L.P. Makes New $440,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Edgestream Partners L.P. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,158 shares of the company's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Commerce Bank boosted its holdings in Hasbro by 1.2% in the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after buying an additional 171 shares during the period. Itau Unibanco Holding S.A. lifted its stake in Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares in the last quarter. Blair William & Co. IL lifted its stake in Hasbro by 1.0% in the 4th quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock worth $1,081,000 after purchasing an additional 192 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Hasbro by 16.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company's stock worth $91,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley upped their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. DA Davidson reiterated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Finally, Citigroup reiterated a "buy" rating and set a $79.00 price target (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. One equities 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 company. According to MarketBeat, Hasbro presently has an average rating of "Buy" and a consensus target price of $81.11.

Hasbro Trading Up 0.8%

HAS stock traded up $0.62 during mid-day trading on Friday, reaching $77.81. The company had a trading volume of 1,836,696 shares, compared to its average volume of 1,749,772. 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 company has a market capitalization of $10.90 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.13 and a beta of 0.59. The firm has a 50 day moving average of $70.39 and a 200 day moving average of $63.05. 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 released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (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 firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period last year, the firm earned $0.61 earnings per share. The company's quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

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.