Swiss National Bank Cuts Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Swiss National Bank reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 256,700 shares of the company's stock after selling 3,800 shares during the period. Swiss National Bank owned approximately 0.18% of Hasbro worth $15,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company's stock worth $1,754,000 after purchasing an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company's stock worth $1,036,000 after purchasing an additional 2,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company's stock worth $1,021,000 after purchasing an additional 6,225 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company's stock worth $785,000 after purchasing an additional 931 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Hasbro during the 1st quarter worth $306,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Trading Up 0.7%

Shares of HAS traded up $0.59 on Friday, hitting $81.14. 1,498,930 shares of the stock traded hands, compared to its average volume of 2,597,188. 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 firm has a market capitalization of $11.38 billion, a P/E ratio of -19.99, a P/E/G ratio of 1.04 and a beta of 0.60. The stock's 50 day moving average is $74.74 and its two-hundred day moving average is $65.76. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $81.31.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 13.37% and a positive return on equity of 64.49%. The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be paid 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 3.5%. Hasbro's dividend payout ratio (DPR) is currently -68.97%.

Analyst Ratings Changes

Several analysts have recently commented on HAS shares. Morgan Stanley raised their target price on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America raised their target price on shares of Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Citigroup raised their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock 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, JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hasbro currently has an average rating of "Moderate Buy" and a consensus price target of $86.42.

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.