Swiss National Bank Sells 12,900 Shares of Hasbro, Inc. (NASDAQ:HAS)

Swiss National Bank reduced its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 410,600 shares of the company’s stock after selling 12,900 shares during the period. Swiss National Bank’s holdings in Hasbro were worth $20,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAS. Studio Investment Management LLC bought a new stake in Hasbro in the 3rd quarter valued at $26,000. Parkside Financial Bank & Trust raised its stake in shares of Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after purchasing an additional 408 shares during the period. ING Groep NV acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $29,000. Orion Capital Management LLC bought a new stake in shares of Hasbro in the third quarter valued at about $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Hasbro by 118.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after buying an additional 456 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of a number of recent research reports. Bank of America lifted their target price on Hasbro from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. DA Davidson boosted their price target on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, TheStreet downgraded shares of Hasbro from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.36.

Hasbro Stock Up 0.3 %

HAS stock opened at $61.32 on Thursday. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57. The business’s 50 day simple moving average is $56.27 and its 200 day simple moving average is $51.38. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $8.54 billion, a PE ratio of -6.05, a PEG ratio of 0.99 and a beta of 0.67.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 3.61 EPS for the current year.

Hasbro Company 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.