BNP Paribas Financial Markets Grows Stock Holdings in Hasbro, Inc. $HAS

BNP Paribas Financial Markets increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 34.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 700,240 shares of the company’s stock after purchasing an additional 177,794 shares during the period. BNP Paribas Financial Markets owned 0.50% of Hasbro worth $57,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Hasbro in the 4th quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hasbro by 11.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after buying an additional 1,753 shares during the period. Empowered Funds LLC boosted its stake in Hasbro by 95.8% during the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the period. Woodline Partners LP grew its position in Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock worth $681,000 after buying an additional 3,203 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in Hasbro during the first quarter worth about $292,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 1.4%

Shares of NASDAQ HAS opened at $83.88 on Wednesday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49. Hasbro, Inc. has a one year low of $64.85 and a one year high of $106.98. The firm’s 50 day simple moving average is $92.39 and its two-hundred day simple moving average is $89.91. The stock has a market capitalization of $11.87 billion, a P/E ratio of -50.53, a PEG ratio of 2.10 and a beta of 0.48.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts expect that Hasbro, Inc. will post 5.96 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 3.3%. Hasbro’s dividend payout ratio is currently -168.67%.

Analyst Upgrades and Downgrades

HAS has been the topic of several recent analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Hasbro in a report on Thursday, May 21st. Roth Mkm set a $120.00 price objective on Hasbro in a report on Wednesday, February 11th. Morgan Stanley raised their target price on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Wells Fargo & Company dropped their target price on shares of Hasbro from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Finally, Bank of America boosted their price target on shares of Hasbro from $113.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.