LBP AM SA cut its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,759 shares of the company's stock after selling 6,445 shares during the period. LBP AM SA owned 0.11% of Hasbro worth $9,086,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Parvin Asset Management LLC bought a new position in Hasbro in the fourth quarter valued at about $25,000. Sentry Investment Management LLC acquired a new position in Hasbro during the 1st quarter valued at about $28,000. Itau Unibanco Holding S.A. lifted its position in Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in shares of Hasbro in the 4th quarter valued at about $43,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Hasbro during the 4th quarter worth approximately $44,000. 91.83% of the stock is owned by institutional investors.
Hasbro Trading Down 2.2%
Shares of HAS traded down $1.73 during trading hours on Friday, reaching $75.37. The stock had a trading volume of 1,679,273 shares, compared to its average volume of 1,741,699. The company has a market cap of $10.56 billion, a P/E ratio of 24.87, a P/E/G ratio of 2.13 and a beta of 0.59. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $78.83. The company has a quick ratio of 1.40, a current ratio of 1.65 and a debt-to-equity ratio of 2.78. The firm has a 50-day moving average of $68.89 and a 200 day moving average of $62.32.
Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. The company had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.
Hasbro Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 3.72%. Hasbro's payout ratio is 92.41%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on HAS. Citigroup restated a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a report on Monday, June 16th. Morgan Stanley upped their target price on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. The Goldman Sachs Group upgraded Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $81.67.
Read Our Latest Analysis on HAS
About Hasbro
(
Free Report)
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.
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