BNP Paribas Financial Markets Buys 77,922 Shares of Hasbro, Inc. (NASDAQ:HAS)

BNP Paribas Financial Markets increased its position in Hasbro, Inc. (NASDAQ:HAS) by 45.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 250,354 shares of the company’s stock after purchasing an additional 77,922 shares during the period. BNP Paribas Financial Markets’ holdings in Hasbro were worth $13,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of Hasbro during the fourth quarter valued at approximately $25,000. Allworth Financial LP raised its holdings in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Hasbro by 32.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company’s stock worth $41,000 after purchasing an additional 178 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro during the 4th quarter valued at about $43,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Hasbro during the fourth quarter valued at about $44,000. 91.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAS has been the topic of several research reports. Monness Crespi & Hardt raised Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price target (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. DA Davidson raised Hasbro to a “hold” rating in a research report on Monday, April 14th. Citigroup upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, April 25th. Finally, Roth Mkm lifted their price target on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.89.

Hasbro Stock Performance

Shares of HAS opened at $61.48 on Friday. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 0.60 and a beta of 0.54. The business’s fifty day simple moving average is $58.49 and its two-hundred day simple moving average is $60.35. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The company had revenue of $887.10 million for the quarter, compared to analysts’ expectations of $770.60 million. During the same period last year, the firm posted $0.61 earnings per share. Hasbro’s revenue was up 17.1% compared to the same quarter last year. Research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Hasbro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 4.55%. Hasbro’s dividend payout ratio (DPR) is 92.41%.

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.