Xponance Inc. Has $2.40 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Xponance Inc. boosted its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 25.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,958 shares of the company's stock after purchasing an additional 7,967 shares during the period. Xponance Inc.'s holdings in Hasbro were worth $2,396,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HAS. Parvin Asset Management LLC bought a new position in Hasbro in the 4th quarter worth $25,000. Sentry Investment Management LLC bought a new position in shares of Hasbro during the first quarter valued at $28,000. Itau Unibanco Holding S.A. grew its stake in Hasbro by 32.1% during 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 during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro during the 4th quarter valued at $44,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Hasbro in the 4th quarter valued at about $43,000. 91.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Hasbro Stock Down 1.3%

HAS stock traded down $0.95 during mid-day trading on Tuesday, hitting $74.84. 1,625,680 shares of the company were exchanged, compared to its average volume of 1,743,674. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.83. The firm's 50 day simple moving average is $69.18 and its 200 day simple moving average is $62.53. The firm has a market cap of $10.49 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.08 and a beta of 0.59.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. The firm had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The business's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. On average, sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. Hasbro's payout ratio is presently 92.41%.

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.