Wealth Enhancement Advisory Services LLC Boosts Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Wealth Enhancement Advisory Services LLC raised its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 60.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,597 shares of the company's stock after buying an additional 6,225 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Hasbro were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional 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 worth about $25,000. Sentry Investment Management LLC bought a new stake in shares of Hasbro during the first quarter valued at about $28,000. Itau Unibanco Holding S.A. lifted its holdings in shares of 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 buying an additional 178 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Hasbro in the fourth quarter valued at approximately $44,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Hasbro during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Trading Up 1.6%

HAS traded up $1.23 during trading on Wednesday, hitting $78.22. 2,185,295 shares of the stock traded hands, compared to its average volume of 1,987,766. The firm has a market capitalization of $10.96 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.59. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.65 and a quick ratio of 1.40. The firm has a 50-day moving average of $66.21 and a 200 day moving average of $61.31.

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

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Wednesday, May 21st. Hasbro's payout ratio is currently 92.41%.

Analysts Set New Price Targets

Several research analysts have commented on HAS shares. The Goldman Sachs Group raised shares of Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the company from $66.00 to $85.00 in a report on Monday. Morgan Stanley increased their price objective on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Citigroup restated a "buy" rating and set a $79.00 target price (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, DA Davidson reiterated a "neutral" rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. One investment 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 company. According to MarketBeat, Hasbro currently has an average rating of "Buy" and an average price target of $81.67.

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.