Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,300 shares of the company’s stock after selling 2,100 shares during the period. Swiss National Bank’s holdings in Hasbro were worth $18,680,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in shares of Hasbro in the second quarter valued at about $27,000. Asset Dedication LLC boosted its holdings in Hasbro by 290.1% in the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after acquiring an additional 351 shares during the period. Blue Trust Inc. grew its position in Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 299 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Hasbro during the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC acquired a new position in shares of Hasbro during the second quarter worth $47,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Performance

HAS stock opened at $61.95 on Friday. The firm has a market cap of $8.64 billion, a P/E ratio of -13.35, a P/E/G ratio of 0.57 and a beta of 0.63. The stock’s 50 day simple moving average is $68.55 and its 200 day simple moving average is $64.29. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12-month low of $44.85 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $1.64 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.52%. Hasbro’s payout ratio is currently -60.34%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HAS. Stifel Nicolaus lifted their price target on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America increased their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.