Bank of America Corp DE Increases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Posted by on Jun 6th, 2023

Bank of America Corp DE boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS – Get Rating) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,028,267 shares of the company’s stock after acquiring an additional 115,585 shares during the quarter. Bank of America Corp DE owned 0.74% of Hasbro worth $62,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC boosted its stake in shares of 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 buying an additional 117 shares during the period. Kinneret Advisory LLC boosted its stake in shares of Hasbro by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 6,656 shares of the company’s stock valued at $545,000 after buying an additional 149 shares during the period. Yousif Capital Management LLC boosted its stake in shares of Hasbro by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 20,502 shares of the company’s stock valued at $1,680,000 after buying an additional 150 shares during the period. Continuum Advisory LLC boosted its stake in shares of Hasbro by 0.6% in the 1st quarter. Continuum Advisory LLC now owns 26,303 shares of the company’s stock valued at $61,000 after buying an additional 155 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of Hasbro by 6.6% during the 4th quarter. CENTRAL TRUST Co now owns 2,649 shares of the company’s stock worth $162,000 after acquiring an additional 164 shares in the last quarter. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Down 0.2 %

Shares of HAS stock opened at $59.89 on Tuesday. The business’s 50 day moving average is $56.63 and its two-hundred day moving average is $57.85. Hasbro, Inc. has a twelve month low of $45.75 and a twelve month high of $89.55. The company has a market capitalization of $8.30 billion, a P/E ratio of 69.64, a price-to-earnings-growth ratio of 5.43 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 0.96 and a debt-to-equity ratio of 1.33.

Hasbro (NASDAQ:HAS – Get Rating) last announced its earnings results on Thursday, April 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Hasbro had a net margin of 2.11% and a return on equity of 18.56%. The company had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $883.06 million. During the same quarter last year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. Equities analysts forecast that Hasbro, Inc. will post 4.45 EPS for the current year.

Hasbro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, July 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.68%. Hasbro’s dividend payout ratio (DPR) is presently 325.59%.

Wall Street Analyst Weigh In

HAS has been the topic of several research analyst reports. Roth Capital reissued a “buy” rating on shares of Hasbro in a research report on Friday, February 17th. DA Davidson reissued a “buy” rating and set a $80.00 target price on shares of Hasbro in a research report on Monday, April 3rd. Stifel Nicolaus raised their target price on Hasbro from $70.00 to $75.00 in a research report on Tuesday, May 30th. StockNews.com lowered Hasbro from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Finally, Bank of America raised their target price on Hasbro from $63.00 to $68.00 in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.00.

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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