Amundi Has $91.82 Million Stock Holdings in Hasbro, Inc. $HAS

Key Points

• Amundi cut its Hasbro stake by 34.6% in the second quarter, selling 587,803 shares and retaining 1.11 million shares worth approximately $91.82 million. Institutional investors collectively own 91.83% of Hasbro.
• Analysts maintain a generally positive view, with 12 Buy ratings and four Holds. Hasbro has a “Moderate Buy” consensus rating and an average price target of $109.43, despite several recent target-price reductions.
• Hasbro reported quarterly earnings of $1.28 per share, beating estimates of $1.16, while revenue rose 16.2% year over year to $1.14 billion. The company also maintains a $0.70 quarterly dividend, equivalent to a 3.1% annual yield.

Amundi decreased its holdings in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 34.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,111,762 shares of the company's stock after selling 587,803 shares during the period. Amundi owned approximately 0.79% of Hasbro worth $91,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HAS. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro during the 2nd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Hasbro in the fourth quarter valued at approximately $27,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the second quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hasbro by 1,190.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 387 shares of the company's stock worth $32,000 after buying an additional 357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Hasbro during the first quarter worth $37,000. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. DA Davidson lowered their price target on shares of Hasbro from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, July 22nd. Jefferies Financial Group cut their price objective on Hasbro from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, July 16th. BNP Paribas Exane reduced their price objective on Hasbro from $117.00 to $114.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings raised Hasbro from a "sell (d+)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Finally, Bank of America dropped their target price on Hasbro from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Hasbro presently has an average rating of "Moderate Buy" and a consensus price target of $109.43.

Hasbro Price Performance

Shares of HAS opened at $88.97 on Thursday. The business has a 50-day moving average of $89.58 and a 200-day moving average of $90.64. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.66 and a quick ratio of 1.46. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.47. Hasbro, Inc. has a 1 year low of $69.50 and a 1 year high of $106.98.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.16 by $0.12. Hasbro had a return on equity of 141.11% and a net margin of 15.97%.The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm's revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro, Inc. will post 6.16 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Hasbro's dividend payout ratio (DPR) is currently 50.36%.

Insiders Place Their Bets

In other news, CFO Gina M. Goetter sold 11,000 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $95.44, for a total value of $1,049,840.00. Following the transaction, the chief financial officer directly owned 88,104 shares of the company's stock, valued at $8,408,645.76. The trade was a 11.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth Hamren sold 1,975 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director owned 9,896 shares in the company, valued at approximately $918,744.64. The trade was a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,472 shares of company stock valued at $4,736,533 over the last quarter. Company insiders own 0.71% of the company's stock.

Hasbro 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.

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