Swiss National Bank Raises Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Swiss National Bank raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,500 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Swiss National Bank owned 0.19% of Hasbro worth $14,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Hasbro during the 3rd quarter valued at approximately $31,000. Allworth Financial LP increased its holdings in Hasbro by 120.1% in the fourth quarter. Allworth Financial LP now owns 482 shares of the company’s stock valued at $28,000 after buying an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Hasbro in the third quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Hasbro during the 3rd quarter valued at about $45,000. Finally, Principal Securities Inc. increased its stake in shares of Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after purchasing an additional 208 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on HAS shares. Morgan Stanley reissued an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a report on Friday, February 21st. DA Davidson boosted their price target on shares of Hasbro from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Roth Mkm lifted their target price on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $80.22.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $60.62 on Thursday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. Hasbro, Inc. has a 52 week low of $53.91 and a 52 week high of $73.46. The firm has a 50-day simple moving average of $60.62 and a 200-day simple moving average of $63.85. The company has a quick ratio of 1.29, a current ratio of 1.60 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hasbro had a net margin of 9.32% and a return on equity of 47.93%. On average, equities analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Monday, March 3rd. Hasbro’s dividend payout ratio (DPR) is currently 101.82%.

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.