8,640 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,640 shares of the company’s stock, valued at approximately $488,000.

Several other hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC raised its stake in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after purchasing an additional 167 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Hasbro by 5.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,509 shares of the company’s stock worth $230,000 after purchasing an additional 215 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Hasbro by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 26,957 shares of the company’s stock worth $1,524,000 after purchasing an additional 299 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Hasbro by 0.8% during the 4th quarter. Arizona State Retirement System now owns 36,225 shares of the company’s stock worth $1,850,000 after purchasing an additional 300 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of Hasbro by 16.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 2,175 shares of the company’s stock worth $123,000 after purchasing an additional 305 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HAS. Bank of America raised Hasbro from a “neutral” rating to a “buy” rating and upped their target price for the stock from $70.00 to $80.00 in a research report on Friday, June 14th. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Stifel Nicolaus upped their target price on shares of Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.08.

Hasbro Price Performance

Shares of HAS traded down $1.05 during trading hours on Wednesday, hitting $64.46. The stock had a trading volume of 2,244,264 shares, compared to its average volume of 1,805,775. The company’s fifty day moving average is $59.70 and its two-hundred day moving average is $56.29. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.46 and a quick ratio of 1.27. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of -6.36, a P/E/G ratio of 0.50 and a beta of 0.62.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 17.7% on a year-over-year basis. On average, analysts anticipate that Hasbro, Inc. will post 3.89 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the transaction, the executive vice president now owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.82% of the company’s stock.

Hasbro 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.