Swiss National Bank Has $32.53 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Posted by on May 12th, 2023

Swiss National Bank reduced its position in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,200 shares of the company’s stock after selling 40,358 shares during the period. Swiss National Bank owned approximately 0.39% of Hasbro worth $32,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HAS. Worth Asset Management LLC acquired a new position in Hasbro in the 1st quarter valued at $27,000. Carolinas Wealth Consulting LLC raised its holdings in Hasbro by 60.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Power Corp of Canada acquired a new position in Hasbro in the 1st quarter valued at $29,000. AdvisorNet Financial Inc increased its stake in shares of Hasbro by 38.4% in the 4th quarter. AdvisorNet Financial Inc now owns 602 shares of the company’s stock valued at $37,000 after purchasing an additional 167 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Hasbro by 134.2% in the 3rd quarter. IFP Advisors Inc now owns 651 shares of the company’s stock valued at $28,000 after purchasing an additional 373 shares during the last quarter. 80.87% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

NASDAQ:HAS opened at $60.02 on Friday. The stock has a market cap of $8.32 billion, a P/E ratio of 69.79, a price-to-earnings-growth ratio of 5.45 and a beta of 0.74. The firm’s fifty day simple moving average is $52.97 and its 200 day simple moving average is $58.09. Hasbro, Inc. has a twelve month low of $45.75 and a twelve month high of $92.56. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 1.33.

Hasbro (NASDAQ:HAS – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Hasbro had a return on equity of 18.56% and a net margin of 2.11%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $883.06 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. As a group, research analysts predict that Hasbro, Inc. will post 4.46 EPS for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, April 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.67%. Hasbro’s dividend payout ratio (DPR) is presently 325.58%.

Wall Street Analyst Weigh In

HAS has been the topic of several recent analyst reports. Bank of America upgraded Hasbro from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $42.00 to $63.00 in a research note on Friday, April 28th. Monness Crespi & Hardt reduced their price objective on Hasbro from $106.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. StockNews.com lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. The Goldman Sachs Group lowered Hasbro from a “buy” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research report on Wednesday, February 1st. Finally, Roth Capital reiterated a “buy” rating on shares of Hasbro in a research report on Friday, February 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.00.

Hasbro Profile

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Hasbro, Inc engages in the provision of children and family leisure time products and services with a portfolio of brands and entertainment properties. The firm’s brands of toys include Power Rangers, Magic: The Gathering, Monopoly, My Little Pony, Nerf, Play-Doh and Transformers. It operates through the following segments: Consumer Products, Wizards of the Coast and Digital Gaming, Entertainment, and Corporate and Other.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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