Michael S. Ryan Inc. Acquires New Shares in Hasbro, Inc. (NASDAQ:HAS)

Michael S. Ryan Inc. acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,847 shares of the company's stock, valued at approximately $544,000. Hasbro comprises approximately 0.4% of Michael S. Ryan Inc.'s holdings, making the stock its 27th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Hasbro during the 4th quarter worth about $540,000. Polymer Capital Management US LLC purchased a new stake in Hasbro during the 4th quarter worth about $502,000. Jones Financial Companies Lllp increased its holdings in Hasbro by 32.4% during the 4th 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in Hasbro by 0.5% during the 4th 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 during the period. Finally, 111 Capital purchased a new stake in Hasbro during the 4th quarter worth about $281,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HAS. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley increased their price objective on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. DA Davidson reiterated a "neutral" rating and issued a $75.00 price objective on shares of Hasbro in a report on Thursday, May 15th. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of "Buy" and an average price target of $80.38.

Hasbro Stock Performance

NASDAQ:HAS traded up $0.46 during mid-day trading on Thursday, reaching $69.50. 2,199,908 shares of the stock were exchanged, compared to its average volume of 1,675,926. The company has a 50 day simple moving average of $61.42 and a 200-day simple moving average of $60.80. The stock has a market capitalization of $9.74 billion, a P/E ratio of 25.27, a P/E/G ratio of 0.60 and a beta of 0.56. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal 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 paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.03%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is currently 92.41%.

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.