Tectonic Advisors LLC Acquires 14,452 Shares of Hasbro, Inc. (NASDAQ:HAS)

Tectonic Advisors LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,429 shares of the company's stock after purchasing an additional 14,452 shares during the quarter. Tectonic Advisors LLC owned about 0.09% of Hasbro worth $7,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HAS. Teacher Retirement System of Texas grew its position in Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock valued at $1,754,000 after purchasing an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock valued at $1,036,000 after purchasing an additional 2,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Hasbro by 60.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after buying an additional 6,225 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hasbro in the fourth quarter worth approximately $540,000. Finally, Polymer Capital Management US LLC purchased a new stake in Hasbro during the fourth quarter valued at $502,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

HAS traded up $1.08 during trading on Wednesday, reaching $75.92. 1,491,388 shares of the company traded hands, compared to its average volume of 1,743,653. The company has a market cap of $10.64 billion, a P/E ratio of 25.06, a PEG ratio of 2.06 and a beta of 0.59. 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, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83. The firm has a fifty day simple moving average of $69.75 and a 200 day simple moving average of $62.71.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share 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 analysts' expectations of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. Hasbro's quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. On average, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS 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 3.69%. Hasbro's dividend payout ratio (DPR) is 92.41%.

Wall Street Analyst Weigh In

HAS has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Citigroup restated 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. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and lifted their target price for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $81.67.

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.