Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Lowered by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its position in Hasbro, Inc. (NASDAQ:HAS) by 59.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,262 shares of the company’s stock after selling 7,821 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Hasbro were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors increased its holdings in shares of Hasbro by 27.0% during the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock valued at $785,367,000 after purchasing an additional 3,273,563 shares during the period. Swedbank AB bought a new stake in shares of Hasbro during the 1st quarter worth about $82,523,000. Norges Bank acquired a new stake in shares of Hasbro in the 4th quarter worth approximately $70,544,000. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 300,420 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Hasbro by 4,052.6% during the first quarter. SG Americas Securities LLC now owns 288,399 shares of the company’s stock valued at $16,300,000 after acquiring an additional 281,454 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HAS shares. DA Davidson restated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Morgan Stanley raised their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Bank of America upped their price target on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday. UBS Group raised their price objective on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and increased their target price for the company from $61.00 to $74.00 in a research note on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.55.

Hasbro Trading Up 0.9 %

NASDAQ HAS opened at $70.42 on Wednesday. The firm’s 50 day moving average price is $64.72 and its two-hundred day moving average price is $60.34. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $71.33. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of -6.94, a PEG ratio of 0.52 and a beta of 0.61.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. Hasbro had a positive return on equity of 38.83% and a negative net margin of 22.78%. The firm had revenue of $995.30 million for the quarter, compared to analyst estimates of $941.38 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Hasbro’s quarterly revenue was down 17.7% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is -27.61%.

Hasbro Company 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.