BNP Paribas Asset Management Holding S.A. Sells 118,757 Shares of Hasbro, Inc. (NASDAQ:HAS)

BNP Paribas Asset Management Holding S.A. trimmed its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,618 shares of the company's stock after selling 118,757 shares during the quarter. BNP Paribas Asset Management Holding S.A. owned approximately 0.22% of Hasbro worth $15,350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Studio Investment Management LLC bought a new stake in shares of Hasbro in the third quarter valued at approximately $26,000. Parkside Financial Bank & Trust lifted its position in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company's stock worth $28,000 after acquiring an additional 408 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Hasbro in the third quarter worth $37,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Hasbro by 118.4% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company's stock valued at $43,000 after purchasing an additional 456 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in Hasbro in the 4th quarter worth about $53,000. 91.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HAS. Monness Crespi & Hardt increased their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Morgan Stanley reiterated an "overweight" rating and issued a $77.00 price objective on shares of Hasbro in a report on Monday. Stifel Nicolaus upped their target price on Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Roth Mkm increased their price target on shares of Hasbro from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Finally, StockNews.com raised shares of Hasbro from a "sell" rating to a "hold" rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $66.27.

Hasbro Trading Up 0.6 %

Hasbro stock traded up $0.40 during mid-day trading on Tuesday, reaching $62.48. 1,455,070 shares of the company traded hands, compared to its average volume of 1,701,833. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of -6.14, a P/E/G ratio of 0.96 and a beta of 0.67. The firm's 50 day moving average price is $57.83 and its 200 day moving average price is $52.06.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million for the quarter, compared to analysts' expectations of $739.84 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. Hasbro's quarterly revenue was down 24.3% on a year-over-year basis. On average, analysts anticipate that Hasbro, Inc. will post 3.65 earnings per share for the current fiscal year.

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.