394,644 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new position in Hasbro, Inc. (NASDAQ:HAS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 394,644 shares of the company's stock, valued at approximately $22,065,000. Freestone Grove Partners LP owned approximately 0.28% of Hasbro as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HAS. Commerce Bank boosted its stake in shares of Hasbro by 1.2% during the 4th quarter. Commerce Bank now owns 14,540 shares of the company's stock worth $813,000 after purchasing an additional 171 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company's stock valued at $301,000 after buying an additional 180 shares during the period. Blair William & Co. IL boosted its position in Hasbro by 1.0% during the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock worth $1,081,000 after acquiring an additional 192 shares during the last quarter. Principal Securities Inc. grew its stake in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after acquiring an additional 208 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Hasbro by 5.4% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company's stock valued at $225,000 after acquiring an additional 210 shares during the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Down 0.9 %

HAS stock traded down $0.56 during trading on Monday, reaching $61.19. The stock had a trading volume of 1,481,145 shares, compared to its average volume of 1,680,492. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The firm has a fifty day moving average price of $58.85 and a 200 day moving average price of $60.63. The company has a market capitalization of $8.56 billion, a P/E ratio of 22.25, a PEG ratio of 0.60 and a beta of 0.54. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue was up 17.1% compared to the same quarter last year. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.58%. Hasbro's dividend payout ratio (DPR) is presently 92.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HAS. Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson upgraded Hasbro to a "hold" rating in a research report on Monday, April 14th. Roth Mkm lifted their price target on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. Finally, StockNews.com lowered shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $79.89.

About Hasbro

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.