Hsbc Holdings PLC Boosts Stock Holdings in Hasbro, Inc. $HAS

Hsbc Holdings PLC boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,139 shares of the company’s stock after purchasing an additional 44,481 shares during the quarter. Hsbc Holdings PLC owned about 0.31% of Hasbro worth $36,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Hasbro in the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in Hasbro during the 2nd quarter valued at approximately $25,000. MUFG Securities EMEA plc purchased a new position in Hasbro during the 2nd quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Hasbro in the 3rd quarter worth approximately $34,000. Finally, Wexford Capital LP bought a new stake in Hasbro in the 3rd quarter worth approximately $37,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Hasbro stock opened at $82.87 on Wednesday. The firm has a 50-day moving average price of $90.09 and a 200-day moving average price of $90.39. The firm has a market capitalization of $11.73 billion, a PE ratio of -49.92, a price-to-earnings-growth ratio of 2.06 and a beta of 0.48. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. Hasbro, Inc. has a 12-month low of $69.50 and a 12-month high of $106.98.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.20 by $0.27. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. As a group, equities research analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s payout ratio is -168.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HAS shares. Morgan Stanley increased their target price on Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group restated a “buy” rating and issued a $110.00 price target on shares of Hasbro in a research report on Thursday, June 18th. Zacks Research raised shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lowered their price objective on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 9th. Finally, Citigroup dropped their price objective on shares of Hasbro from $118.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.14.

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.