Principal Financial Group Inc. trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,120 shares of the company’s stock after selling 2,563 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Hasbro worth $9,231,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Hasbro during the fourth quarter worth $317,000. Proficio Capital Partners LLC purchased a new position in shares of Hasbro during the fourth quarter worth $957,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hasbro by 16.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,479 shares of the company’s stock valued at $1,816,000 after buying an additional 4,653 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Hasbro in the fourth quarter valued at $534,000. Finally, Swiss National Bank increased its holdings in Hasbro by 0.9% in the fourth quarter. Swiss National Bank now owns 260,500 shares of the company’s stock valued at $14,565,000 after buying an additional 2,200 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on HAS shares. Morgan Stanley boosted their target price on shares of Hasbro from $71.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, May 29th. DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of Hasbro in a research report on Thursday, May 15th. Citigroup restated a “buy” rating and set a $79.00 price target (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Monness Crespi & Hardt upgraded shares of Hasbro to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Hasbro from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $81.67.
Hasbro Price Performance
Shares of HAS opened at $75.79 on Tuesday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $78.83. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 2.08 and a beta of 0.59. The firm has a 50-day simple moving average of $69.18 and a 200-day simple moving average of $62.53. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65.
Hasbro (NASDAQ:HAS – Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.37. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The company had revenue of $887.10 million during the quarter, compared to analysts’ expectations of $770.60 million. During the same period last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.
Hasbro Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.69%. Hasbro’s dividend payout ratio (DPR) is 92.41%.
Hasbro 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.
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