Hasbro, Inc. (NASDAQ:HAS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 56.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,432 shares of the company’s stock after selling 223,492 shares during the period. BNP Paribas Financial Markets owned approximately 0.12% of Hasbro worth $12,470,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HAS. Dimensional Fund Advisors LP lifted its position in Hasbro by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after buying an additional 135,548 shares in the last quarter. Samlyn Capital LLC raised its stake in shares of Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after acquiring an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after purchasing an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after purchasing an additional 97,039 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Up 2.0 %

Shares of Hasbro stock opened at $65.15 on Monday. The business has a 50-day moving average price of $67.77 and a 200 day moving average price of $64.46. Hasbro, Inc. has a fifty-two week low of $45.87 and a fifty-two week high of $73.46. The firm has a market cap of $9.09 billion, a P/E ratio of -14.04, a P/E/G ratio of 0.60 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was down 14.8% on a year-over-year basis. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analyst Ratings Changes

HAS has been the subject of several analyst reports. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America boosted their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group lifted their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

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.