Rhumbline Advisers Increases Position in Hasbro, Inc. (NASDAQ:HAS)

Rhumbline Advisers raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,394 shares of the company's stock after buying an additional 34,695 shares during the period. Rhumbline Advisers owned about 0.21% of Hasbro worth $17,918,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAS. Parvin Asset Management LLC purchased a new stake in shares of Hasbro in the fourth quarter valued at approximately $25,000. Allworth Financial LP boosted its holdings in shares of Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of 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 purchasing an additional 178 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the fourth quarter valued at approximately $43,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Hasbro in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 1.7%

Hasbro stock opened at $66.32 on Friday. The business has a fifty day moving average of $60.42 and a two-hundred day moving average of $60.62. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85. The firm has a market cap of $9.29 billion, a P/E ratio of 24.12, a P/E/G ratio of 0.60 and a beta of 0.56. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 4.33 earnings per share 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 given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a report on Friday, April 25th. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson reiterated a "neutral" rating and issued a $75.00 price target 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, Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $80.38.

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.

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