Merit Financial Group LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,980 shares of the company's stock, valued at approximately $306,000.
Several other hedge funds have also made changes to their positions in HAS. Parvin Asset Management LLC purchased a new position in shares of Hasbro during the 4th quarter worth about $25,000. Allworth Financial LP raised its position in shares of Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in Hasbro by 32.1% in the fourth 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 last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in Hasbro during the fourth quarter valued at about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in Hasbro during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 91.83% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on HAS shares. Citigroup raised Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective on the stock in a research note on Friday, April 25th. Roth Mkm boosted their price objective on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. DA Davidson reissued a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $80.38.
Check Out Our Latest Analysis on Hasbro
Hasbro Stock Performance
HAS traded up $0.46 during trading hours on Thursday, hitting $69.50. 2,199,908 shares of the stock were exchanged, compared to its average volume of 1,675,926. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The stock has a 50-day simple moving average of $61.09 and a 200-day simple moving average of $60.76. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 0.60 and a beta of 0.56.
Hasbro (NASDAQ:HAS - Get Free Report) last issued its 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. The firm had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. Hasbro's revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.
Hasbro Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is 92.41%.
Hasbro Profile
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Free Report)
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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