Hsbc Holdings PLC Has $19.20 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Hsbc Holdings PLC lessened its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,391 shares of the company's stock after selling 5,526 shares during the period. Hsbc Holdings PLC owned about 0.25% of Hasbro worth $19,199,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Hasbro by 120.1% during the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Hasbro during the fourth quarter worth about $43,000. Resona Asset Management Co. Ltd. acquired a new stake in Hasbro during the fourth quarter valued at approximately $44,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Hasbro in the 3rd quarter valued at approximately $45,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Hasbro by 182.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,443 shares of the company's stock worth $81,000 after buying an additional 932 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HAS. Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research note on Tuesday, April 22nd. Roth Mkm upped their target price on shares of Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, February 21st. StockNews.com downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Citigroup raised shares of Hasbro from a "neutral" rating to a "buy" rating and set a $72.00 price objective for the company in a report on Friday, April 25th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $79.89.

Hasbro Trading Up 0.5 %

Shares of Hasbro stock traded up $0.33 during trading on Wednesday, hitting $61.90. 2,265,226 shares of the company were exchanged, compared to its average volume of 1,673,805. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.60 and a quick ratio of 1.29. The firm has a market capitalization of $8.66 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The firm's fifty day moving average price is $59.22 and its 200 day moving average price is $60.92. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to analysts' expectations of $770.60 million. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. The business's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.52%. The ex-dividend date is Wednesday, May 21st. Hasbro's payout ratio is presently 92.41%.

About Hasbro

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.