10,058 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Visionary Horizons LLC

Visionary Horizons LLC bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,058 shares of the company's stock, valued at approximately $618,000.

A number of other hedge funds have also bought and sold shares of HAS. Brighton Jones LLC acquired a new stake in shares of Hasbro during the fourth quarter worth about $317,000. abrdn plc raised its position in Hasbro by 64.0% during the 4th quarter. abrdn plc now owns 19,185 shares of the company's stock worth $1,075,000 after buying an additional 7,488 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hasbro by 50.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,228 shares of the company's stock valued at $807,000 after acquiring an additional 4,749 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Hasbro by 28.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,334 shares of the company's stock valued at $857,000 after acquiring an additional 3,402 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Hasbro by 13.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,912 shares of the company's stock valued at $1,281,000 after acquiring an additional 2,780 shares during the last quarter. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

Shares of NASDAQ:HAS traded up $0.46 during trading on Thursday, reaching $69.50. 2,199,908 shares of the company's stock traded hands, compared to its average volume of 1,675,926. 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 fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a 50-day simple moving average of $61.42 and a 200-day simple moving average of $60.80. The firm has a market cap of $9.74 billion, a PE ratio of 25.27, a P/E/G ratio of 0.60 and a beta of 0.56.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. Hasbro's quarterly 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, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro's payout ratio is presently 92.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HAS shares. DA Davidson reissued a "neutral" rating and set a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Roth Mkm lifted their price objective on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upped their target price on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Citigroup upgraded Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price target for the company in a research report on Friday, April 25th. One 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.com, the stock has an average rating of "Buy" and a consensus price target of $80.38.

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.