Hsbc Holdings PLC Buys Shares of 798,597 Hasbro, Inc. $HAS

Hsbc Holdings PLC purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 798,597 shares of the company’s stock, valued at approximately $66,071,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAS. Nomura Asset Management Co. Ltd. increased its holdings in Hasbro by 734.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 33,783 shares of the company’s stock worth $2,770,000 after acquiring an additional 29,735 shares in the last quarter. Capital Research Global Investors raised its stake in Hasbro by 5.3% during the 4th quarter. Capital Research Global Investors now owns 3,225,875 shares of the company’s stock worth $264,522,000 after acquiring an additional 162,354 shares during the period. California State Teachers Retirement System lifted its holdings in Hasbro by 24.5% during the first quarter. California State Teachers Retirement System now owns 156,866 shares of the company’s stock valued at $14,683,000 after purchasing an additional 30,825 shares in the last quarter. Brighton Jones LLC purchased a new position in Hasbro during the fourth quarter valued at approximately $317,000. Finally, Procyon Advisors LLC bought a new position in shares of Hasbro in the first quarter worth approximately $2,127,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BNP Paribas Exane reduced their price objective on shares of Hasbro from $117.00 to $114.00 and set an “outperform” rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lowered their target price on shares of Hasbro from $125.00 to $111.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Argus upped their target price on shares of Hasbro from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Roth Capital reissued a “buy” rating on shares of Hasbro in a report on Wednesday, July 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hasbro has a consensus rating of “Moderate Buy” and a consensus price target of $109.43.

Insider Transactions at Hasbro

In related news, Director Elizabeth Hamren sold 1,975 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $92.84, for a total value of $183,359.00. Following the sale, the director directly owned 9,896 shares in the company, valued at approximately $918,744.64. The trade was a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Hight sold 3,186 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $93.71, for a total value of $298,560.06. Following the transaction, the insider directly owned 67,557 shares of the company’s stock, valued at approximately $6,330,766.47. The trade was a 4.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 45,415 shares of company stock worth $4,260,164. 0.71% of the stock is currently owned by company insiders.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: New multiyear Upper Deck partnership: Hasbro and Upper Deck announced a global licensing agreement covering trading cards and tabletop games based on Transformers, G.I. Joe, Power Rangers, M.A.S.K., and Jem and the Holograms. The arrangement could generate incremental royalty and licensing revenue while extending Hasbro’s brands into the collectibles market. Upper Deck Debuts Transformers 40th Anniversary Card Set To Kick Off New Hasbro Partnership Upper Deck Announces New Licensing Agreement with Hasbro
• Positive Sentiment: Immediate product launch supports visibility: Upper Deck is debuting a Transformers 40th Anniversary trading-card set, alongside planned games and cards tied to the other Hasbro properties. The launch provides an early commercial platform for the partnership and may increase fan engagement and brand licensing exposure. Upper Deck and Hasbro Reveal New Games and Trading Cards
• Neutral Sentiment: Analyst sentiment remains constructive: Hasbro was reported to have an average analyst rating of “Moderate Buy,” which may provide some support for investor sentiment, but the report does not identify a new price-target revision or earnings estimate change. Hasbro Given Average Rating of Moderate Buy
• Neutral Sentiment: No reliable short-interest signal: The reported August short-interest data shows zero shares and a zero-day short ratio, with an invalid percentage change. This appears to be a data-quality issue rather than evidence of a meaningful shift in bearish positioning. Toy Stocks To Watch Now

Hasbro Price Performance

HAS stock opened at $96.29 on Thursday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.46 and a current ratio of 1.66. The company’s fifty day moving average price is $87.83 and its 200-day moving average price is $91.24. Hasbro, Inc. has a one year low of $69.50 and a one year high of $106.98. The company has a market capitalization of $13.58 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.47.

Hasbro (NASDAQ:HAS) last posted its earnings results on Tuesday, July 21st. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.12. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Hasbro had a net margin of 15.97% and a return on equity of 141.11%. Hasbro’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. On average, equities analysts anticipate that Hasbro, Inc. will post 6.15 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Hasbro’s dividend payout ratio is 50.36%.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.