Clarius Group LLC increased its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 24.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,069 shares of the company's stock after acquiring an additional 4,466 shares during the period. Clarius Group LLC's holdings in Hasbro were worth $1,419,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hasbro in the 4th quarter worth $540,000. Polymer Capital Management US LLC purchased a new position in Hasbro in the 4th quarter worth about $502,000. Jones Financial Companies Lllp raised its holdings 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 buying an additional 2,426 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hasbro by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock valued at $66,522,000 after buying an additional 5,778 shares in the last quarter. Finally, 111 Capital purchased a new stake in Hasbro during the fourth quarter valued at about $281,000. 91.83% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Citigroup lifted their price objective on shares of Hasbro from $72.00 to $79.00 and gave the stock a "buy" rating in a research report on Monday. 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 research note on Friday, February 21st. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Hasbro has an average rating of "Buy" and a consensus target price of $81.25.
View Our Latest Stock Report on HAS
Hasbro Trading Down 3.3%
Shares of NASDAQ:HAS opened at $67.50 on Wednesday. The firm has a fifty day moving average of $62.39 and a two-hundred day moving average of $60.86. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46. The firm has a market capitalization of $9.46 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.56.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business's quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities analysts expect 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 was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.
About Hasbro
(
Free Report)
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.
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