Hsbc Holdings PLC Acquires 44,481 Shares of Hasbro, Inc. $HAS

Hsbc Holdings PLC grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,139 shares of the company’s stock after purchasing an additional 44,481 shares during the period. Hsbc Holdings PLC’s holdings in Hasbro were worth $36,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. Huntington National Bank boosted its stake in shares of Hasbro by 10.2% during the fourth quarter. Huntington National Bank now owns 1,233 shares of the company’s stock valued at $101,000 after purchasing an additional 114 shares during the period. Personal CFO Solutions LLC increased its stake in Hasbro by 3.9% in the 4th quarter. Personal CFO Solutions LLC now owns 3,666 shares of the company’s stock worth $301,000 after buying an additional 137 shares during the period. Signaturefd LLC increased its stake in Hasbro by 6.4% in the 4th quarter. Signaturefd LLC now owns 2,268 shares of the company’s stock worth $186,000 after buying an additional 137 shares during the period. United Capital Financial Advisors LLC lifted its holdings in Hasbro by 2.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 6,500 shares of the company’s stock valued at $493,000 after buying an additional 139 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Hasbro by 2.9% during the 4th quarter. Federated Hermes Inc. now owns 5,159 shares of the company’s stock valued at $423,000 after buying an additional 147 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on HAS. Zacks Research upgraded shares of Hasbro from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. Bank of America boosted their price target on Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on Hasbro from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Argus set a $105.00 price objective on Hasbro in a report on Friday, March 13th. Finally, BNP Paribas Exane upped their target price on Hasbro from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Stock Performance

HAS stock opened at $82.87 on Wednesday. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of -49.92, a PEG ratio of 2.06 and a beta of 0.48. The firm has a 50-day simple moving average of $90.09 and a two-hundred day simple moving average of $90.39. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same period last year, the business earned $1.04 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts forecast that Hasbro, Inc. will post 6.01 EPS for the current fiscal year.

Hasbro Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, June 1st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is -168.67%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.