GAMMA Investing LLC Increases Stock Position in Hasbro, Inc. (NASDAQ:HAS)

GAMMA Investing LLC raised its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6,871.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,306 shares of the company's stock after buying an additional 214,189 shares during the period. GAMMA Investing LLC owned 0.16% of Hasbro worth $133,620,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HAS. Dynamic Technology Lab Private Ltd acquired a new stake in Hasbro in the fourth quarter valued at $540,000. Polymer Capital Management US LLC bought a new position in Hasbro during the 4th quarter worth $502,000. Jones Financial Companies Lllp raised its position in Hasbro by 32.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after purchasing an additional 2,426 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hasbro by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after purchasing an additional 5,778 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Hasbro by 38.2% during the 4th quarter. Van ECK Associates Corp now owns 105,201 shares of the company's stock worth $5,882,000 after purchasing an additional 29,066 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Down 0.4%

Shares of NASDAQ:HAS traded down $0.25 during midday trading on Thursday, hitting $65.18. 1,445,380 shares of the company's stock were exchanged, compared to its average volume of 1,662,799. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The stock has a 50 day moving average price of $60.33 and a 200-day moving average price of $60.60. The company has a market cap of $9.13 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. 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 data 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. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HAS shares. Morgan Stanley raised their target price on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. DA Davidson restated a "neutral" rating and issued a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Roth Mkm boosted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $80.38.

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.