Impax Asset Management Group plc Has $1.13 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Impax Asset Management Group plc increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 45.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,304 shares of the company's stock after acquiring an additional 5,705 shares during the period. Impax Asset Management Group plc's holdings in Hasbro were worth $1,126,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $317,000. Jones Financial Companies Lllp increased its stake in shares of Hasbro by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 9,911 shares of the company's stock worth $554,000 after purchasing an additional 2,426 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hasbro by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,189,814 shares of the company's stock worth $66,522,000 after purchasing an additional 5,778 shares in the last quarter. Keybank National Association OH boosted its position in shares of Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock worth $301,000 after acquiring an additional 180 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Hasbro by 819.5% during the fourth quarter. Victory Capital Management Inc. now owns 193,934 shares of the company's stock worth $10,843,000 after acquiring an additional 172,843 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of several research reports. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup restated a "buy" rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. Morgan Stanley raised their target price on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and raised their target price for the stock from $66.00 to $85.00 in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $81.67.

Hasbro Stock Down 0.1%

Hasbro stock traded down $0.04 during midday trading on Tuesday, hitting $76.51. 4,796,170 shares of the company were exchanged, compared to its average volume of 1,730,940. The company's fifty day moving average price is $67.70 and its 200-day moving average price is $61.85. The company has a market cap of $10.72 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly 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 net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. During the same period last year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 17.1% on a year-over-year basis. On average, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 3.66%. 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.