BNP Paribas Financial Markets Purchases 177,794 Shares of Hasbro, Inc. $HAS

BNP Paribas Financial Markets increased its position in Hasbro, Inc. (NASDAQ:HAS) by 34.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 700,240 shares of the company’s stock after purchasing an additional 177,794 shares during the period. BNP Paribas Financial Markets’ holdings in Hasbro were worth $57,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. Vanguard Group Inc. boosted its position in Hasbro by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,976,679 shares of the company’s stock valued at $1,392,088,000 after buying an additional 453,038 shares during the period. State Street Corp increased its holdings in Hasbro by 2.1% during the 2nd quarter. State Street Corp now owns 6,508,052 shares of the company’s stock valued at $480,424,000 after purchasing an additional 131,678 shares during the period. Geode Capital Management LLC raised its position in Hasbro by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 3,661,020 shares of the company’s stock valued at $299,700,000 after purchasing an additional 122,592 shares during the last quarter. Bank of America Corp DE raised its position in Hasbro by 21.9% during the 3rd quarter. Bank of America Corp DE now owns 3,633,213 shares of the company’s stock valued at $275,579,000 after purchasing an additional 651,790 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Hasbro by 30.9% in the 3rd quarter. AQR Capital Management LLC now owns 2,957,648 shares of the company’s stock worth $224,338,000 after buying an additional 697,836 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HAS has been the topic of several research analyst reports. Argus set a $105.00 target price on Hasbro in a research note on Friday, March 13th. Wall Street Zen lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. The Goldman Sachs Group lifted their price target on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group raised their price objective on shares of Hasbro from $95.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Monness Crespi & Hardt lifted their price objective on Hasbro from $90.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.64.

Hasbro Stock Down 1.4%

Shares of Hasbro stock opened at $83.88 on Wednesday. Hasbro, Inc. has a 1 year low of $64.85 and a 1 year high of $106.98. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of -50.53, a PEG ratio of 2.10 and a beta of 0.48. The company has a 50-day moving average of $92.39 and a 200 day moving average of $89.91. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a negative net margin of 4.62% and a positive return on equity of 174.64%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $969.20 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hasbro, Inc. will post 5.96 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st. Hasbro’s dividend payout ratio (DPR) is -168.67%.

Hasbro Company 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.