Hasbro, Inc. (NASDAQ:HAS) Stake Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,233 shares of the company’s stock after acquiring an additional 25,533 shares during the period. Hsbc Holdings PLC’s holdings in Hasbro were worth $20,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HAS. Dimensional Fund Advisors LP increased its holdings in Hasbro by 26.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,441,228 shares of the company’s stock valued at $73,593,000 after buying an additional 300,420 shares during the last quarter. Norges Bank bought a new stake in shares of Hasbro in the 4th quarter valued at approximately $70,544,000. BI Asset Management Fondsmaeglerselskab A S raised its position 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 valued at $230,000 after acquiring an additional 215 shares in the last quarter. UBS Group AG lifted its stake in Hasbro by 43.1% during the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock worth $16,833,000 after purchasing an additional 99,263 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in Hasbro by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,226 shares of the company’s stock worth $624,000 after purchasing an additional 792 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent research reports. DA Davidson restated a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a research report on Friday, July 26th. Stifel Nicolaus upped their target price on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America boosted their price objective on Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Finally, Morgan Stanley increased their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.55.

Hasbro Stock Performance

Shares of HAS opened at $71.21 on Friday. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $72.25. The firm has a market capitalization of $9.91 billion, a PE ratio of -7.02, a P/E/G ratio of 0.52 and a beta of 0.61. The firm has a 50-day moving average price of $65.49 and a 200 day moving average price of $60.71. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating 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 business had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio is presently -27.61%.

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.