Hasbro, Inc. $HAS Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 438,139 shares of the company’s stock after buying an additional 44,481 shares during the quarter. Hsbc Holdings PLC’s holdings in Hasbro were worth $36,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Hasbro during the 4th quarter valued at approximately $147,748,000. Bank of America Corp DE lifted its position in Hasbro by 128.7% during the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock worth $220,089,000 after acquiring an additional 1,677,962 shares during the period. AQR Capital Management LLC grew its stake in shares of Hasbro by 47.3% in the 4th quarter. AQR Capital Management LLC now owns 4,357,147 shares of the company’s stock valued at $357,286,000 after purchasing an additional 1,399,499 shares during the last quarter. Amundi grew its stake in shares of Hasbro by 55.5% in the 4th quarter. Amundi now owns 1,403,288 shares of the company’s stock valued at $115,070,000 after purchasing an additional 501,117 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Hasbro by 45.7% in the fourth quarter. Deutsche Bank AG now owns 1,583,182 shares of the company’s stock valued at $129,821,000 after purchasing an additional 496,337 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Shares of HAS stock opened at $77.98 on Tuesday. The stock has a fifty day moving average price of $88.03 and a 200 day moving average price of $90.44. The stock has a market cap of $11.03 billion, a PE ratio of -46.98, a P/E/G ratio of 1.97 and a beta of 0.49. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 13th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 174.64% and a negative net margin of 4.62%.Hasbro’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. Sell-side analysts forecast that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Hasbro’s payout ratio is currently -168.67%.

Analysts Set New Price Targets

Several research firms have recently commented on HAS. Zacks Research upgraded Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Morgan Stanley lifted their price objective on shares of Hasbro from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group reissued a “buy” rating and issued a $110.00 price objective on shares of Hasbro in a research note on Thursday, June 18th. Weiss Ratings downgraded shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. Finally, Bank of America raised their target price 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 investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.14.

About Hasbro

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.