6,839 Shares in Hasbro, Inc. $HAS Acquired by Bank of Stockton

Bank of Stockton bought a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,839 shares of the company’s stock, valued at approximately $640,000.

Several other hedge funds have also modified their holdings of HAS. University of Texas Texas AM Investment Management Co. acquired a new position in Hasbro during the fourth quarter worth approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of Hasbro in the 2nd quarter worth $25,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the second quarter valued at $28,000. Park National Corp OH acquired a new stake in Hasbro during the first quarter worth about $41,000. Finally, Wexford Capital LP acquired a new stake in Hasbro during the third quarter worth about $37,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $76.73 on Wednesday. The stock has a market capitalization of $10.86 billion, a PE ratio of -46.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.49. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The stock has a 50 day moving average price of $87.66 and a 200 day moving average price of $90.40. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same period last year, the company earned $1.04 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Analysts predict that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.6%. Hasbro’s dividend payout ratio is currently -168.67%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. Zacks Research raised Hasbro from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. UBS Group restated a “buy” rating and set a $110.00 price target on shares of Hasbro in a research report on Thursday, June 18th. Finally, BNP Paribas Exane raised their price target on shares of Hasbro from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.