Illinois Municipal Retirement Fund Invests $758,000 in Hasbro, Inc. (NASDAQ:HAS)

Illinois Municipal Retirement Fund acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 12,321 shares of the company's stock, valued at approximately $758,000.

Several other institutional investors have also modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in shares of Hasbro in the 4th quarter valued at $25,000. Sentry Investment Management LLC acquired a new position in shares of Hasbro in the 1st quarter valued at $28,000. Itau Unibanco Holding S.A. increased its holdings in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after acquiring an additional 178 shares during the period. Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro in the 4th quarter valued at $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson reissued a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research note on Thursday, May 15th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley boosted their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Citigroup reissued 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. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Hasbro has an average rating of "Buy" and a consensus target price of $81.67.

Hasbro Stock Performance

NASDAQ:HAS opened at $78.22 on Thursday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83. 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's fifty day simple moving average is $66.72 and its 200-day simple moving average is $61.42. The stock has a market cap of $10.96 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The business had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. During the same period in the previous year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were given 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 3.58%. Hasbro's dividend payout ratio is presently 92.41%.

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.

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