Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 15.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,310 shares of the company's stock after purchasing an additional 3,587 shares during the quarter. Janney Montgomery Scott LLC's holdings in Hasbro were worth $1,618,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in shares of Hasbro in the 4th quarter valued at $25,000. Sentry Investment Management LLC acquired a new stake in Hasbro during the 1st quarter worth $28,000. Itau Unibanco Holding S.A. grew its position in Hasbro by 32.1% during 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 during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of Hasbro during the fourth quarter worth about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

HAS has been the subject of several recent research reports. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley boosted their price target on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. Citigroup reiterated a "buy" rating and set a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $81.25.

Hasbro Trading Up 0.9%

HAS stock traded up $0.69 during trading on Monday, reaching $73.82. 2,266,266 shares of the stock traded hands, compared to its average volume of 1,690,736. The firm has a market capitalization of $10.34 billion, a PE ratio of 24.36, a P/E/G ratio of 2.02 and a beta of 0.56. 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 business's 50 day moving average price is $65.26 and its 200-day moving average price is $61.11. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $75.54.

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. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The business had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's dividend payout ratio is presently 92.41%.

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.