Czech National Bank Raises Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Czech National Bank lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,694 shares of the company’s stock after acquiring an additional 1,757 shares during the quarter. Czech National Bank’s holdings in Hasbro were worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Royal London Asset Management Ltd. raised its stake in shares of Hasbro by 4.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 57,423 shares of the company’s stock valued at $2,932,000 after buying an additional 2,391 shares during the period. Cibc World Markets Corp grew its position in shares of Hasbro by 40.5% in the fourth quarter. Cibc World Markets Corp now owns 32,929 shares of the company’s stock valued at $1,681,000 after purchasing an additional 9,488 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Hasbro in the fourth quarter valued at $615,000. Lighthouse Investment Partners LLC purchased a new position in shares of Hasbro in the fourth quarter valued at $4,808,000. Finally, Neuberger Berman Group LLC grew its position in shares of Hasbro by 6.6% in the fourth quarter. Neuberger Berman Group LLC now owns 6,842 shares of the company’s stock valued at $349,000 after purchasing an additional 424 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

HAS stock opened at $72.49 on Tuesday. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.46. The company has a current ratio of 1.46, a quick ratio of 1.27 and a debt-to-equity ratio of 2.95. The company has a 50-day moving average price of $67.81 and a 200 day moving average price of $62.12. The stock has a market cap of $10.09 billion, a PE ratio of -7.15, a P/E/G ratio of 0.53 and a beta of 0.61.

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

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Wednesday, August 21st. Hasbro’s dividend payout ratio (DPR) is presently -27.61%.

Analysts Set New Price Targets

Several equities analysts recently commented on HAS shares. Morgan Stanley boosted their target price on Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America boosted their target price on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus boosted their target price on Hasbro from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson restated a “neutral” rating and set a $59.00 target price on shares of Hasbro in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average target price of $72.36.

Hasbro 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.