BNP Paribas Financial Markets Acquires 77,922 Shares of Hasbro, Inc. (NASDAQ:HAS)

BNP Paribas Financial Markets increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 45.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,354 shares of the company’s stock after acquiring an additional 77,922 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.18% of Hasbro worth $13,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Hasbro during the 3rd quarter worth approximately $45,000. Principal Financial Group Inc. increased its position in Hasbro by 3.9% in the third quarter. Principal Financial Group Inc. now owns 153,904 shares of the company’s stock worth $11,130,000 after buying an additional 5,771 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Hasbro in the fourth quarter valued at $566,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hasbro by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock valued at $797,000 after buying an additional 259 shares during the last quarter. Finally, Graypoint LLC grew its stake in shares of Hasbro by 3.8% during the 4th quarter. Graypoint LLC now owns 11,038 shares of the company’s stock worth $617,000 after acquiring an additional 404 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

Hasbro stock opened at $61.48 on Friday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a market cap of $8.60 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 0.60 and a beta of 0.54. The firm’s fifty day moving average price is $58.49 and its 200-day moving average price is $60.35.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. The business had revenue of $887.10 million for the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders 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 dividend yield of 4.55%. The ex-dividend date is Wednesday, May 21st. Hasbro’s dividend payout ratio (DPR) is presently 92.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Monness Crespi & Hardt raised shares of Hasbro to a “strong-buy” rating in a report on Tuesday, April 22nd. Roth Mkm raised their price objective 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 cut shares of Hasbro from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. DA Davidson raised Hasbro to a “hold” rating in a report on Monday, April 14th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.89.

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.