Rice Hall James & Associates LLC Makes New $212,000 Investment in Hasbro, Inc. (NASDAQ:HAS)

Rice Hall James & Associates LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,455 shares of the company's stock, valued at approximately $212,000.

Several other hedge funds also recently bought and sold shares of HAS. CWM LLC lifted its holdings in shares of Hasbro by 131.4% in the first quarter. CWM LLC now owns 20,692 shares of the company's stock valued at $1,272,000 after purchasing an additional 11,749 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Hasbro by 4.1% in the first quarter. New York State Common Retirement Fund now owns 88,712 shares of the company's stock valued at $5,455,000 after purchasing an additional 3,500 shares during the last quarter. Ballentine Partners LLC grew its position in Hasbro by 69.0% during the first quarter. Ballentine Partners LLC now owns 8,667 shares of the company's stock worth $533,000 after buying an additional 3,540 shares in the last quarter. Xponance Inc. lifted its stake in Hasbro by 25.7% during the first quarter. Xponance Inc. now owns 38,958 shares of the company's stock worth $2,396,000 after purchasing an additional 7,967 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Hasbro by 93.2% in the first quarter. Allworth Financial LP now owns 931 shares of the company's stock valued at $56,000 after purchasing an additional 449 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAS has been the topic of several recent research reports. Morgan Stanley raised their price target on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Bank of America upped their price objective on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday. Citigroup reiterated a "buy" rating and issued a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. DA Davidson reiterated a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Finally, Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. One research 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $81.11.

Hasbro Stock Up 1.7%

Shares of HAS traded up $1.27 during mid-day trading on Thursday, reaching $77.19. The company had a trading volume of 1,990,178 shares, compared to its average volume of 1,744,635. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. 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 firm has a 50-day moving average price of $69.75 and a 200 day moving average price of $62.71. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm's quarterly revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro 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.