Hsbc Holdings PLC Lowers Stock Position in Hasbro, Inc. $HAS

Hsbc Holdings PLC reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 10.9% during the first quarter, Holdings Channel reports. The firm owned 390,582 shares of the company’s stock after selling 47,557 shares during the period. Hsbc Holdings PLC’s holdings in Hasbro were worth $36,417,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Hasbro during the 4th quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hasbro by 11.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after acquiring an additional 1,753 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Hasbro by 95.8% in the first quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after acquiring an additional 6,451 shares in the last quarter. Woodline Partners LP increased its position in shares of Hasbro by 40.7% during the first quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after acquiring an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Hasbro during the first quarter valued at approximately $292,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HAS. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America decreased their target price on Hasbro from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, July 16th. Wall Street Zen cut Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. BNP Paribas Exane lowered their target price on Hasbro from $117.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company cut their price target on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $109.71.

Hasbro Price Performance

Hasbro stock opened at $81.59 on Tuesday. Hasbro, Inc. has a 12 month low of $69.50 and a 12 month high of $106.98. The company has a current ratio of 1.65, a quick ratio of 1.49 and a debt-to-equity ratio of 4.59. The business’s 50 day simple moving average is $84.73 and its 200 day simple moving average is $90.24. The company has a market cap of $11.54 billion, a price-to-earnings ratio of -49.15, a PEG ratio of 2.02 and a beta of 0.49.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business posted $1.04 earnings per share. Sell-side analysts forecast that Hasbro, Inc. will post 6.04 EPS for the current year.

Hasbro Announces Dividend

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

Hasbro Profile

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.