Wakefield Asset Management LLLP Takes $461,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Wakefield Asset Management LLLP bought a new stake 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 7,498 shares of the company's stock, valued at approximately $461,000.

A number of other large investors have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new position in Hasbro in the 4th quarter valued at $25,000. Sentry Investment Management LLC purchased a new stake in shares of Hasbro in the 1st quarter worth $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after buying an additional 269 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after buying an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Hasbro in the 4th quarter worth $43,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of HAS stock traded down $1.79 during mid-day trading on Thursday, reaching $75.05. The stock had a trading volume of 3,793,572 shares, compared to its average volume of 2,511,272. The business's fifty day moving average is $71.27 and its 200-day moving average is $63.56. The company has a current ratio of 1.66, a quick ratio of 1.40 and a debt-to-equity ratio of 12.31. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of -18.49, a PEG ratio of 2.08 and a beta of 0.59. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%. The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 annualized dividend and a yield of 3.73%. Hasbro's dividend payout ratio is presently 92.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Monness Crespi & Hardt upped their price objective on Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday. Citigroup upped their price objective on Hasbro from $79.00 to $91.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, DA Davidson increased their price target on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Hasbro currently has a consensus rating of "Moderate Buy" and an average price target of $86.27.

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.