Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 6.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,846 shares of the company's stock after buying an additional 3,693 shares during the period. TD Private Client Wealth LLC's holdings in Hasbro were worth $3,680,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Parvin Asset Management LLC bought a new stake in shares of Hasbro during the 4th quarter worth $25,000. Sentry Investment Management LLC bought a new stake in Hasbro in the first quarter worth $28,000. Itau Unibanco Holding S.A. lifted its stake in Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after purchasing an additional 178 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Hasbro in the fourth quarter worth $44,000. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Hasbro in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Down 2.2%

Shares of HAS traded down $1.73 during mid-day trading on Friday, hitting $75.37. The company's stock had a trading volume of 1,679,273 shares, compared to its average volume of 1,741,699. The company's 50-day moving average is $68.62 and its 200-day moving average is $62.20. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.13 and a beta of 0.59. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

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, beating analysts' consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million for 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%. Hasbro's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is 92.41%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and upped their price target for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Citigroup restated a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $81.67.

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.