Hasbro, Inc. (NASDAQ:HAS) is Sherbrooke Park Advisers LLC's 2nd Largest Position

Sherbrooke Park Advisers LLC grew its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1,065.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,074 shares of the company's stock after acquiring an additional 32,980 shares during the quarter. Hasbro comprises 0.6% of Sherbrooke Park Advisers LLC's holdings, making the stock its 2nd largest holding. Sherbrooke Park Advisers LLC's holdings in Hasbro were worth $2,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Commerce Bank boosted its position in Hasbro by 1.2% in the fourth 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. Itau Unibanco Holding S.A. boosted its position in 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 purchasing an additional 178 shares during the last quarter. Keybank National Association OH raised its stake in shares of Hasbro by 3.5% in 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 raised its stake in shares of Hasbro by 1.0% in the fourth quarter. Blair William & Co. IL now owns 19,335 shares of the company's stock valued at $1,081,000 after buying an additional 192 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock valued at $83,000 after buying an additional 208 shares during the period. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 1.1%

NASDAQ HAS traded up $0.74 during midday trading on Friday, hitting $67.21. 1,522,585 shares of the company traded hands, compared to its average volume of 1,720,814. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The company has a market cap of $9.42 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The company's 50-day simple moving average is $58.74 and its 200-day simple moving average is $60.31. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $73.46.

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

Hasbro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.17%. Hasbro's dividend payout ratio (DPR) is currently 92.41%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HAS shares. DA Davidson reiterated a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research note on Thursday. Roth Mkm increased their target price on Hasbro from $68.00 to $82.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley restated an "overweight" rating and set a $84.00 target price (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. StockNews.com cut Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Monness Crespi & Hardt upgraded Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $79.89.

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.