6,146 Shares in Hasbro, Inc. (NASDAQ:HAS) Bought by LifePlan Financial LLC

LifePlan Financial LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,146 shares of the company's stock, valued at approximately $378,000.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Hasbro during the fourth quarter valued at approximately $317,000. Bank of New York Mellon Corp boosted its stake in shares of Hasbro by 40.2% during 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 purchasing an additional 426,130 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Hasbro by 14.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 11,788 shares of the company's stock worth $659,000 after buying an additional 1,516 shares during the period. Proficio Capital Partners LLC bought a new stake in Hasbro during the 4th quarter valued at approximately $957,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hasbro by 225.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,704 shares of the company's stock worth $151,000 after acquiring an additional 1,873 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of HAS stock traded down $0.67 during trading hours on Thursday, reaching $77.55. The company had a trading volume of 1,692,972 shares, compared to its average volume of 1,711,825. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The business has a fifty day moving average price of $66.72 and a 200-day moving average price of $61.42. Hasbro, Inc. has a one year low of $49.00 and a one year high of $78.87. The firm has a market cap of $10.87 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.12 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Sell-side analysts predict 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. Stockholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research reports. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and lifted their price target for the company from $66.00 to $85.00 in a research report on Monday. Citigroup reissued a "buy" rating and set a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Morgan Stanley raised their target price 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, DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. 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, the company presently has a consensus rating of "Buy" and an average price target of $81.67.

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.