Swedbank AB Has $72.32 Million Position in Hasbro, Inc. (NASDAQ:HAS)

Swedbank AB lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 16.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,000,000 shares of the company’s stock after selling 200,000 shares during the period. Swedbank AB’s holdings in Hasbro were worth $72,320,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in shares of Hasbro in the second quarter valued at about $27,000. Asset Dedication LLC increased its holdings in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 351 shares during the period. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Hasbro in the second quarter valued at approximately $46,000. Finally, Summit Securities Group LLC bought a new stake in shares of Hasbro in the second quarter valued at approximately $47,000. 91.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on HAS. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Bank of America boosted their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group boosted their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

Hasbro Trading Up 1.0 %

Shares of HAS stock opened at $62.52 on Monday. Hasbro, Inc. has a twelve month low of $44.85 and a twelve month high of $73.46. The stock’s fifty day simple moving average is $68.43 and its 200 day simple moving average is $64.34. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $8.72 billion, a P/E ratio of -13.47, a P/E/G ratio of 0.57 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.93 EPS for the current fiscal year.

Hasbro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.48%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

About Hasbro

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.