Lecap Asset Management Ltd. Grows Position in Hasbro, Inc. (NASDAQ:HAS)

Lecap Asset Management Ltd. grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 42.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,669 shares of the company's stock after purchasing an additional 15,494 shares during the quarter. Hasbro comprises about 0.7% of Lecap Asset Management Ltd.'s portfolio, making the stock its 21st biggest holding. Lecap Asset Management Ltd.'s holdings in Hasbro were worth $3,177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC boosted its stake in shares of Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock worth $178,960,000 after acquiring an additional 2,427,299 shares during the period. Norges Bank acquired a new stake in shares of Hasbro during the 4th quarter worth about $96,359,000. Invesco Ltd. boosted its holdings in shares of Hasbro by 28.5% during the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after buying an additional 701,660 shares during the period. Marshall Wace LLP grew its stake in Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after buying an additional 507,054 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Hasbro by 40.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after acquiring an additional 426,130 shares during the period. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

HAS stock traded down $0.90 during mid-day trading on Wednesday, hitting $71.68. The stock had a trading volume of 1,740,058 shares, compared to its average volume of 1,686,637. The firm has a fifty day simple moving average of $64.06 and a 200 day simple moving average of $60.98. The firm has a market capitalization of $10.04 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.95 and a beta of 0.56. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.50.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its earnings results 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 return on equity of 51.39% and a net margin of 9.99%. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business's quarterly revenue was up 17.1% on a year-over-year basis. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is 92.41%.

Wall Street Analyst Weigh In

HAS has been the subject of several research reports. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson reiterated a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley upped their price target 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. Finally, Citigroup reiterated a "buy" rating and issued a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $81.25.

About Hasbro

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.