Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Decreased by KBC Group NV

KBC Group NV lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 56.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,841 shares of the company’s stock after selling 10,086 shares during the quarter. KBC Group NV’s holdings in Hasbro were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in Hasbro during the 2nd quarter worth about $27,000. Asset Dedication LLC boosted its holdings in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. grew its position in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Hasbro in the 2nd quarter valued at approximately $46,000. Finally, Summit Securities Group LLC purchased a new stake in Hasbro in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the topic of several research analyst reports. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus increased their price objective on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley lifted their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $80.67.

Hasbro Trading Down 0.8 %

Shares of HAS stock opened at $61.69 on Tuesday. The business’s 50 day moving average is $69.01 and its two-hundred day moving average is $64.32. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12 month low of $43.74 and a 12 month high of $73.46. The company has a market cap of $8.61 billion, a PE ratio of -13.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Hasbro’s revenue was down 14.8% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. Equities analysts predict that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a yield of 4.54%. Hasbro’s payout ratio is -60.34%.

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.