Natixis Advisors LLC Has $21.22 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Key Points

• Natixis Advisors LLC reduced its stake in Hasbro by 5.2%, selling 19,022 shares, and now holds 345,166 shares valued at approximately $21.22 million.
• Several investment firms including Kovitz Investment Group and Invesco Ltd. significantly increased their ownership in Hasbro during the last quarter, with 91.83% of the stock owned by institutional investors.
• Wall Street analysts have been optimistic about Hasbro's future, with a consensus target price reaching $86.27 and several firms upgrading their ratings, reflecting strong growth expectations.

Natixis Advisors LLC lessened its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 345,166 shares of the company's stock after selling 19,022 shares during the quarter. Natixis Advisors LLC owned 0.25% of Hasbro worth $21,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Hasbro in the fourth quarter worth $25,000. Sentry Investment Management LLC bought a new position in shares of Hasbro in the first quarter valued at about $28,000. SBI Securities Co. Ltd. grew its stake in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after acquiring an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. grew its stake in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after acquiring an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan acquired a new position in shares of Hasbro in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Hasbro Price Performance

Shares of HAS traded up $2.26 during mid-day trading on Monday, reaching $76.89. The company had a trading volume of 2,332,798 shares, compared to its average volume of 2,592,385. The company's 50 day simple moving average is $72.29 and its 200 day simple moving average is $64.43. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $78.83. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of -18.94, a P/E/G ratio of 0.98 and a beta of 0.60.

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

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, August 20th. Hasbro's dividend payout ratio (DPR) is presently -68.97%.

Analyst Upgrades and Downgrades

HAS has been the topic of several research reports. Morgan Stanley upped their price target on shares of Hasbro from $83.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Roth Capital upped their price target on shares of Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Citigroup upped their price target on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Hasbro from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.27.

Hasbro Company 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.