Hasbro, Inc. (NASDAQ:HAS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 56.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 172,432 shares of the company’s stock after selling 223,492 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hasbro were worth $12,470,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares during the period. GW Henssler & Associates Ltd. bought a new position in Hasbro in the 3rd quarter worth approximately $18,163,000. Charles Schwab Investment Management Inc. increased its position in Hasbro by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the period. Atria Investments Inc acquired a new stake in Hasbro in the 1st quarter valued at approximately $1,287,000. Finally, Quest Partners LLC raised its stake in Hasbro by 972.6% during the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after acquiring an additional 26,337 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Performance

HAS stock opened at $65.15 on Monday. The firm has a 50 day moving average of $67.77 and a two-hundred day moving average of $64.46. Hasbro, Inc. has a 12 month low of $45.87 and a 12 month high of $73.46. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of -14.04, a P/E/G ratio of 0.60 and a beta of 0.63. 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 (NASDAQ:HAS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued 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 4.30%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Wall Street Analyst Weigh In

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

Hasbro Company 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.