Hsbc Holdings PLC Has $21.32 Million Stock Holdings in Hasbro, Inc. $HAS

Key Points

• HSBC Holdings PLC has increased its stake in Hasbro, Inc. by 1.2%, now owning 347,413 shares valued at approximately $21.3 million as of its latest SEC filing.
• Hasbro's recent quarterly earnings report showed earnings per share of $1.30, significantly exceeding the consensus estimate of $0.78 and revealing a revenue of $980.8 million.
• The company declared a quarterly dividend of $0.70 per share, representing an annualized yield of 3.4%, payable on September 3rd to shareholders of record.

Hsbc Holdings PLC increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 347,413 shares of the company's stock after acquiring an additional 4,022 shares during the period. Hsbc Holdings PLC owned about 0.25% of Hasbro worth $21,316,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp raised its holdings in Hasbro by 7.4% during the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock worth $87,499,000 after acquiring an additional 98,425 shares in the last quarter. Summit Securities Group LLC bought a new stake in Hasbro during the first quarter worth about $178,000. Freestone Capital Holdings LLC bought a new stake in Hasbro during the first quarter worth about $2,790,000. Algert Global LLC bought a new stake in Hasbro during the first quarter worth about $922,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in Hasbro by 207.1% during the first quarter. Northwest & Ethical Investments L.P. now owns 4,300 shares of the company's stock worth $264,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors own 91.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAS. DA Davidson boosted their price target on Hasbro from $75.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Morgan Stanley boosted their price target on Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Roth Capital boosted their price target on Hasbro from $86.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, UBS Group boosted their price target on Hasbro from $82.00 to $88.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $86.42.

Insider Buying and Selling

In related news, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company's stock, valued at $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 over the last 90 days. 0.85% of the stock is owned by corporate insiders.

Hasbro Stock Performance

Shares of Hasbro stock traded down $0.12 on Thursday, hitting $81.45. The stock had a trading volume of 587,863 shares, compared to its average volume of 2,022,656. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19. The business's 50 day moving average is $76.71 and its two-hundred day moving average is $67.00. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of -20.07, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.52. The business had revenue of $980.80 million for the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. Analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.4%. Hasbro's dividend payout ratio is currently -68.97%.

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.