Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 342,233 shares of the company’s stock after acquiring an additional 25,533 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Hasbro worth $20,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC raised its stake in Hasbro by 56.2% in the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Hasbro in the 2nd quarter valued at about $27,000. Asset Dedication LLC increased its stake in shares of Hasbro by 290.1% during the 2nd quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 351 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Hasbro during the 4th quarter valued at about $36,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Hasbro during the 4th quarter worth about $45,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Stock Performance

Shares of NASDAQ:HAS opened at $71.21 on Friday. The company has a market cap of $9.91 billion, a P/E ratio of -7.02, a PEG ratio of 0.52 and a beta of 0.61. Hasbro, Inc. has a one year low of $42.66 and a one year high of $72.25. The business’s 50-day simple moving average is $65.49 and its 200 day simple moving average is $60.71. 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 (NASDAQ:HAS) last posted its earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business had revenue of $995.30 million for the quarter, compared to analysts’ expectations of $941.38 million. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. Hasbro’s dividend payout ratio is presently -27.61%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HAS shares. Bank of America boosted their target price on shares of Hasbro from $85.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 16th. DA Davidson restated a “neutral” rating and set a $59.00 price objective on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus lifted their target price on Hasbro from $76.00 to $78.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Morgan Stanley boosted their price target on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.55.

About Hasbro

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.