Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,534 shares of the company’s stock after acquiring an additional 417 shares during the period. GAMMA Investing LLC’s holdings in Hasbro were worth $217,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HAS. Kovitz Investment Group Partners LLC increased its holdings in Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company’s stock valued at $178,960,000 after purchasing an additional 2,427,299 shares during the last quarter. Norges Bank purchased a new position in shares of Hasbro during the fourth quarter worth $96,359,000. Invesco Ltd. boosted its position in shares of Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company’s stock worth $176,649,000 after buying an additional 701,660 shares during the period. Marshall Wace LLP grew its stake in shares of Hasbro by 23.7% in the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company’s stock valued at $147,791,000 after buying an additional 507,054 shares in the last quarter. Finally, Amundi raised its holdings in shares of Hasbro by 106.7% in the 4th quarter. Amundi now owns 819,961 shares of the company’s stock valued at $46,827,000 after buying an additional 423,249 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Hasbro Stock Down 0.9%

Shares of Hasbro stock opened at $77.55 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $78.83. The company has a market capitalization of $10.87 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.16 and a beta of 0.59. The company has a 50 day moving average of $67.06 and a 200 day moving average of $61.54.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. The business 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 company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders 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 yield of 3.61%. The ex-dividend date was Wednesday, May 21st. Hasbro’s dividend payout ratio (DPR) is 92.41%.

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.