3,455 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC acquired a new position in shares of Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,455 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in shares of Hasbro in the fourth quarter valued at approximately $25,000. Sentry Investment Management LLC purchased a new stake in Hasbro in the 1st quarter valued at approximately $28,000. Itau Unibanco Holding S.A. grew its holdings in Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after buying an additional 178 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in Hasbro during the fourth quarter worth $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Hasbro in the fourth quarter worth $44,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

Hasbro stock opened at $75.79 on Tuesday. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $78.83. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. The firm has a 50 day moving average price of $69.18 and a 200 day moving average price of $62.53. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.08 and a beta of 0.59.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently declared 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. This represents a $2.80 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date was Wednesday, May 21st. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HAS shares. Citigroup reaffirmed a “buy” rating and set a $79.00 price objective (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a research note on Tuesday, April 22nd. Morgan Stanley boosted their price objective on shares of Hasbro from $71.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, May 29th. Wall Street Zen raised shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Hasbro in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Hasbro has an average rating of “Buy” and an average target price 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.