Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC cut its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,534 shares of the company's stock after selling 3,775 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Hasbro were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HAS. Illinois Municipal Retirement Fund purchased a new stake in shares of Hasbro during the 1st quarter valued at about $758,000. Transcend Capital Advisors LLC purchased a new stake in Hasbro during the first quarter valued at approximately $232,000. Robeco Institutional Asset Management B.V. raised its position in Hasbro by 4.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 574,742 shares of the company's stock valued at $35,341,000 after purchasing an additional 26,920 shares during the period. Lecap Asset Management Ltd. raised its position in Hasbro by 42.8% during the first quarter. Lecap Asset Management Ltd. now owns 51,669 shares of the company's stock valued at $3,177,000 after purchasing an additional 15,494 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Hasbro by 21.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,007 shares of the company's stock valued at $246,000 after buying an additional 717 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HAS shares. Morgan Stanley raised their price objective 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. Citigroup reaffirmed a "buy" rating and issued a $79.00 price target (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 target price on shares of Hasbro in a research report on Thursday, May 15th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment 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. Based on data from MarketBeat, Hasbro has a consensus rating of "Buy" and an average target price of $81.25.

Hasbro Stock Performance

Shares of NASDAQ HAS traded up $0.82 during midday trading on Friday, reaching $73.13. 4,666,878 shares of the stock were exchanged, compared to its average volume of 1,688,426. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.02 and a beta of 0.56. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The firm has a 50-day simple moving average of $65.26 and a two-hundred day simple moving average of $61.13. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted 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 analysts' expectations of $770.60 million. During the same period last year, the firm earned $0.61 EPS. The company's quarterly revenue was up 17.1% on a year-over-year basis. As a group, analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Hasbro's dividend payout ratio is currently 92.41%.

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.