Financial Counselors Inc. Boosts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Financial Counselors Inc. lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,089 shares of the company's stock after acquiring an additional 26,503 shares during the period. Financial Counselors Inc. owned approximately 0.10% of Hasbro worth $8,430,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its holdings in 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 purchasing an additional 2,427,299 shares during the period. Norges Bank bought a new position in Hasbro in the fourth quarter valued at approximately $96,359,000. Invesco Ltd. increased its stake in Hasbro by 28.5% in the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after acquiring an additional 701,660 shares during the last quarter. Marshall Wace LLP increased its stake in Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after acquiring an additional 507,054 shares during the last quarter. Finally, Amundi increased its stake in Hasbro by 106.7% in the fourth quarter. Amundi now owns 819,961 shares of the company's stock valued at $46,827,000 after acquiring an additional 423,249 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HAS shares. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Citigroup reaffirmed a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Morgan Stanley upped their price objective 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. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $81.67.

Hasbro Stock Down 2.2%

Shares of Hasbro stock traded down $1.73 during trading hours on Friday, reaching $75.37. The company's stock had a trading volume of 1,679,273 shares, compared to its average volume of 1,741,699. Hasbro, Inc. has a one year low of $49.00 and a one year high of $78.83. The company has a market capitalization of $10.56 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.13 and a beta of 0.59. The stock's fifty day simple moving average is $68.62 and its two-hundred day simple moving average 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.

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

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.72%. Hasbro's dividend payout ratio is currently 92.41%.

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.