Citigroup Inc. Grows Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Citigroup Inc. raised its stake in Hasbro, Inc. (NASDAQ:HAS) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,443 shares of the company’s stock after buying an additional 22,354 shares during the period. Citigroup Inc. owned approximately 0.10% of Hasbro worth $10,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Hasbro by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock worth $10,238,000 after buying an additional 3,656 shares during the last quarter. California State Teachers Retirement System raised its position in Hasbro by 1.4% during the first quarter. California State Teachers Retirement System now owns 227,068 shares of the company’s stock worth $12,834,000 after acquiring an additional 3,055 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Hasbro by 14.5% in the first quarter. Tidal Investments LLC now owns 42,402 shares of the company’s stock valued at $2,396,000 after purchasing an additional 5,368 shares in the last quarter. Comerica Bank grew its position in shares of Hasbro by 11.1% in the first quarter. Comerica Bank now owns 57,090 shares of the company’s stock valued at $3,227,000 after purchasing an additional 5,697 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Hasbro during the 1st quarter worth approximately $1,287,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on HAS shares. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America boosted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Trading Down 0.2 %

HAS stock opened at $63.89 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -13.77, a PEG ratio of 0.60 and a beta of 0.63. The business has a fifty day simple moving average of $67.89 and a 200-day simple moving average of $64.39. Hasbro, Inc. has a 52 week low of $44.85 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.38%. Hasbro’s dividend payout ratio (DPR) is -60.34%.

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.