Hasbro, Inc. (NASDAQ:HAS) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank cut its position in Hasbro, Inc. (NASDAQ:HAS) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 410,600 shares of the company’s stock after selling 12,900 shares during the quarter. Swiss National Bank owned about 0.30% of Hasbro worth $20,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAS. Victory Capital Management Inc. increased its holdings in shares of Hasbro by 374.7% during the fourth quarter. Victory Capital Management Inc. now owns 22,472 shares of the company’s stock valued at $1,147,000 after purchasing an additional 17,738 shares during the period. Savant Capital LLC lifted its stake in shares of Hasbro by 6.8% in the 4th quarter. Savant Capital LLC now owns 35,846 shares of the company’s stock worth $1,830,000 after acquiring an additional 2,275 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Hasbro by 22.7% in the fourth quarter. Van ECK Associates Corp now owns 25,873 shares of the company’s stock valued at $1,321,000 after acquiring an additional 4,784 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of Hasbro by 483.3% during the fourth quarter. Headlands Technologies LLC now owns 5,518 shares of the company’s stock valued at $282,000 after acquiring an additional 4,572 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Up 0.3 %

NASDAQ:HAS opened at $61.32 on Thursday. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of -6.05, a PEG ratio of 0.99 and a beta of 0.67. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. The business’s fifty day moving average price is $56.27 and its 200 day moving average price is $51.38.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was down 24.3% compared to the same quarter last year. On average, sell-side analysts forecast that Hasbro, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm lifted their price target on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Monness Crespi & Hardt boosted their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus raised their target price on shares of Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Hasbro currently has a consensus rating of “Hold” and a consensus target price of $66.36.

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.