State of Alaska Department of Revenue Purchases 410 Shares of Hasbro, Inc. (NASDAQ:HAS)

State of Alaska Department of Revenue increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,364 shares of the company’s stock after acquiring an additional 410 shares during the period. State of Alaska Department of Revenue’s holdings in Hasbro were worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. Parvin Asset Management LLC bought a new position in Hasbro in the 4th quarter worth about $25,000. Allworth Financial LP grew its holdings in shares of Hasbro by 120.1% during the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Hasbro in the first quarter worth approximately $28,000. Itau Unibanco Holding S.A. raised its stake in Hasbro by 32.1% in 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 in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in Hasbro during the fourth quarter valued at approximately $43,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 0.9%

Shares of NASDAQ:HAS opened at $72.31 on Friday. The stock has a market capitalization of $10.13 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The stock’s 50-day moving average price is $64.85 and its 200-day moving average price is $61.10. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. Hasbro’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. On average, equities analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Wednesday, May 21st. Hasbro’s dividend payout ratio is 92.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HAS shares. Morgan Stanley increased their price target on shares of Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. Citigroup reissued a “buy” rating and issued a $79.00 target price (up previously from $72.00) on shares of Hasbro in a research note on Monday, June 16th. DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Monness Crespi & Hardt upgraded Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. One 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $81.25.

About Hasbro

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.