Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by State of Wyoming

State of Wyoming lifted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 340.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,178 shares of the company's stock after buying an additional 4,776 shares during the period. State of Wyoming's holdings in Hasbro were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. Park Avenue Securities LLC lifted its position in Hasbro by 8.6% during the fourth quarter. Park Avenue Securities LLC now owns 7,172 shares of the company's stock valued at $401,000 after purchasing an additional 569 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Hasbro by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 57,073 shares of the company's stock valued at $3,191,000 after acquiring an additional 1,097 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Hasbro by 7.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,556 shares of the company's stock worth $702,000 after purchasing an additional 910 shares during the last quarter. Brighton Jones LLC bought a new stake in shares of Hasbro in the fourth quarter worth about $317,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Hasbro by 6.9% in the fourth quarter. Sound Income Strategies LLC now owns 166,973 shares of the company's stock worth $9,335,000 after purchasing an additional 10,782 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of NASDAQ HAS traded down $0.57 during mid-day trading on Friday, hitting $65.83. The stock had a trading volume of 1,341,004 shares, compared to its average volume of 1,722,258. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The company has a 50 day moving average of $59.42 and a two-hundred day moving average of $60.40. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46. The firm has a market cap of $9.22 billion, a PE ratio of 23.94, a PEG ratio of 0.60 and a beta of 0.54.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm's revenue was up 17.1% on a year-over-year basis. Research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.25%. The ex-dividend date is Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HAS. Morgan Stanley reissued an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson reiterated a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Friday, April 25th. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $81.25.

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.