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

Swedbank AB lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 16.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,000,000 shares of the company’s stock after selling 200,000 shares during the quarter. Swedbank AB owned about 0.72% of Hasbro worth $72,320,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock worth $108,723,000 after purchasing an additional 135,548 shares during the last quarter. Samlyn Capital LLC increased its stake in shares of Hasbro by 87.4% in the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock valued at $107,252,000 after buying an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after acquiring an additional 8,270 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 97,039 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on HAS shares. JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Bank of America raised their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised their price target on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Performance

Shares of Hasbro stock opened at $62.52 on Monday. Hasbro, Inc. has a 12 month low of $44.85 and a 12 month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $8.72 billion, a PE ratio of -13.47, a PEG ratio of 0.57 and a beta of 0.63. The stock’s fifty day simple moving average is $68.43 and its 200 day simple moving average is $64.34.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm posted $1.64 earnings per share. Hasbro’s revenue was down 14.8% compared to the same quarter last year. On average, research analysts predict that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, November 20th. 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.