Transcend Capital Advisors LLC Invests $232,000 in Hasbro, Inc. (NASDAQ:HAS)

Transcend Capital Advisors LLC bought a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,777 shares of the company's stock, valued at approximately $232,000.

Other hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC boosted its stake in Hasbro by 313.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares in the last quarter. Norges Bank bought a new position in shares of Hasbro in the fourth quarter worth about $96,359,000. Invesco Ltd. boosted its stake in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after purchasing an additional 701,660 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Hasbro by 23.7% during the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after purchasing an additional 507,054 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Hasbro by 40.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,485,744 shares of the company's stock valued at $83,068,000 after purchasing an additional 426,130 shares during the last quarter. 91.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAS. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Citigroup restated a "buy" rating and set a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Morgan Stanley upped their target price on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Finally, DA Davidson reissued a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $81.67.

Hasbro Trading Up 4.3%

HAS traded up $3.17 during midday trading on Tuesday, hitting $76.99. 5,231,133 shares of the company were exchanged, compared to its average volume of 1,704,843. The firm's 50 day moving average price is $65.71 and its 200-day moving average price is $61.20. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.81. The firm has a market capitalization of $10.79 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.02 and a beta of 0.56. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The firm's revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Wednesday, May 21st. Hasbro's dividend payout ratio is currently 92.41%.

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.