Allspring Global Investments Holdings LLC Purchases 849 Shares of Hasbro, Inc. (NASDAQ:HAS)

Posted by on Nov 4th, 2023

Allspring Global Investments Holdings LLC lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,648 shares of the company’s stock after acquiring an additional 849 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Hasbro worth $4,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. BerganKDV Wealth Management LLC raised its position in shares of Hasbro by 0.9% during the second quarter. BerganKDV Wealth Management LLC now owns 24,415 shares of the company’s stock worth $1,581,000 after acquiring an additional 217 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Hasbro by 85.4% during the second quarter. Vontobel Holding Ltd. now owns 19,215 shares of the company’s stock worth $1,245,000 after acquiring an additional 8,852 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Hasbro during the second quarter worth about $70,000. Salomon & Ludwin LLC acquired a new stake in Hasbro during the second quarter worth approximately $222,000. Finally, Creative Planning lifted its stake in Hasbro by 6.5% in the second quarter. Creative Planning now owns 136,663 shares of the company’s stock valued at $8,852,000 after buying an additional 8,399 shares during the period. 82.84% of the stock is currently owned by institutional investors.

Hasbro Trading Up 0.9 %

Shares of Hasbro stock opened at $46.94 on Friday. The stock has a fifty day simple moving average of $62.25 and a 200 day simple moving average of $61.83. The company has a current ratio of 1.60, a quick ratio of 1.30 and a debt-to-equity ratio of 1.64. Hasbro, Inc. has a 12-month low of $43.29 and a 12-month high of $73.57. The company has a market capitalization of $6.51 billion, a P/E ratio of -11.71, a price-to-earnings-growth ratio of 2.41 and a beta of 0.77.

Hasbro (NASDAQ:HAS – Get Free Report) last posted its quarterly earnings data on Thursday, October 26th. The company reported $1.64 earnings per share for the quarter, hitting the consensus estimate of $1.64. Hasbro had a positive return on equity of 18.55% and a negative net margin of 10.33%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HAS. Citigroup began coverage on Hasbro in a research note on Friday, October 20th. They issued a “neutral” rating and a $62.00 price target on the stock. Morgan Stanley dropped their price target on Hasbro from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. DA Davidson dropped their price target on Hasbro from $71.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Bank of America reissued a “neutral” rating and issued a $53.00 price target (down from $90.00) on shares of Hasbro in a research note on Friday, October 27th. Finally, The Goldman Sachs Group dropped their price target on Hasbro from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

View Our Latest Stock Report on Hasbro

About Hasbro

(Free Report)

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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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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