James Investment Research Inc. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,925 shares of the company’s stock, valued at approximately $1,441,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in shares of Hasbro by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 4,973 shares of the company’s stock valued at $496,000 after buying an additional 30 shares during the period. Bollard Group LLC boosted its position in shares of Hasbro by 0.5% in the first quarter. Bollard Group LLC now owns 7,050 shares of the company’s stock valued at $704,000 after buying an additional 36 shares during the period. Genesee Valley Trust Co. boosted its position in shares of Hasbro by 1.2% in the first quarter. Genesee Valley Trust Co. now owns 3,500 shares of the company’s stock valued at $349,000 after buying an additional 43 shares during the period. Coe Capital Management LLC boosted its position in shares of Hasbro by 0.3% in the first quarter. Coe Capital Management LLC now owns 19,100 shares of the company’s stock valued at $1,907,000 after buying an additional 55 shares during the period. Finally, Advantus Capital Management Inc boosted its position in shares of Hasbro by 0.7% in the first quarter. Advantus Capital Management Inc now owns 11,186 shares of the company’s stock valued at $1,117,000 after buying an additional 77 shares during the period. 78.61% of the stock is owned by institutional investors.

Hasbro, Inc. (NASDAQ HAS) opened at 114.04 on Thursday. Hasbro, Inc. has a 52 week low of $76.14 and a 52 week high of $114.53. The stock’s 50 day moving average price is $110.42 and its 200-day moving average price is $99.15. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 25.35 and a beta of 0.92.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Monday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $849.70 million for the quarter, compared to analysts’ expectations of $818.27 million. Hasbro had a net margin of 11.34% and a return on equity of 32.36%. Hasbro’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post $4.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, July 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%. Hasbro’s dividend payout ratio (DPR) is presently 50.67%.

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Several research firms have issued reports on HAS. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $107.00 price objective (up previously from $100.00) on shares of Hasbro in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Monday, June 19th. Finally, Argus began coverage on Hasbro in a research note on Friday, June 16th. They issued a “buy” rating and a $128.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $106.40.

About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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