Pictet Asset Management SA lifted its stake in Hasbro, Inc. (NASDAQ:HAS – Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,906 shares of the company’s stock after buying an additional 20,364 shares during the period. Pictet Asset Management SA owned approximately 0.08% of Hasbro worth $6,169,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Hasbro by 0.5% in the first quarter. State Street Corp now owns 5,337,035 shares of the company’s stock worth $437,210,000 after buying an additional 23,978 shares during the period. Morgan Stanley lifted its stake in shares of Hasbro by 232.3% in the fourth quarter. Morgan Stanley now owns 3,634,864 shares of the company’s stock worth $221,763,000 after acquiring an additional 2,541,129 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Hasbro by 10.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,085,257 shares of the company’s stock worth $188,232,000 after acquiring an additional 286,248 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of Hasbro by 9.8% in the first quarter. Cooke & Bieler LP now owns 2,836,186 shares of the company’s stock worth $152,275,000 after acquiring an additional 253,808 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Hasbro by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 2,735,713 shares of the company’s stock worth $166,603,000 after acquiring an additional 56,527 shares in the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on HAS. StockNews.com began coverage on Hasbro in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America boosted their price target on Hasbro from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson reiterated a “buy” rating and issued a $80.00 price target on shares of Hasbro in a research note on Monday, August 7th. Argus upped their price objective on Hasbro from $70.00 to $75.00 in a research note on Friday, August 4th. Finally, Stifel Nicolaus upped their price objective on Hasbro from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.27.
Hasbro Stock Down 1.3 %
NASDAQ:HAS opened at $66.84 on Thursday. The firm has a market capitalization of $9.27 billion, a PE ratio of -36.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The stock has a 50 day moving average of $63.90 and a 200-day moving average of $58.72. Hasbro, Inc. has a 52 week low of $45.75 and a 52 week high of $84.13. The company has a current ratio of 1.29, a quick ratio of 0.91 and a debt-to-equity ratio of 1.49.
Hasbro (NASDAQ:HAS – Get Free Report) last posted its earnings results on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. Hasbro had a negative net margin of 4.61% and a positive return on equity of 16.12%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.15 earnings per share. Analysts predict that Hasbro, Inc. will post 4.05 EPS for the current year.
Hasbro Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, October 31st. Hasbro’s dividend payout ratio (DPR) is presently -151.35%.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company in the United States and internationally. The company operates through Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment segments. The Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products.
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