453 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Sentry Investment Management LLC

Sentry Investment Management LLC bought a new position in Hasbro, Inc. (NASDAQ:HAS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 453 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in Hasbro during the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its position in Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after purchasing an additional 263 shares during the period. Itau Unibanco Holding S.A. raised its position in Hasbro by 32.1% during the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock valued at $41,000 after purchasing an additional 178 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in Hasbro during the fourth quarter valued at approximately $44,000. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Hasbro during the fourth quarter valued at approximately $43,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Up 1.7%

Shares of NASDAQ:HAS opened at $66.32 on Friday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The stock has a market cap of $9.29 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The business’s 50 day moving average is $60.42 and its 200 day moving average is $60.63. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

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, 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 company had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Hasbro’s revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Dividend Announcement

The business also recently announced 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. The ex-dividend date was Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 4.22%. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HAS shares. Wall Street Zen upgraded Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. Roth Mkm increased their price target on Hasbro from $68.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Morgan Stanley increased their price target on Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Finally, Citigroup upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $80.38.

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.