Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hasbro, Inc. (NASDAQ:HAS) by 2.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 27,826 shares of the company’s stock after buying an additional 689 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hasbro were worth $2,012,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Mizuho Securities USA LLC raised its position 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 worth $72,320,000 after purchasing an additional 989,906 shares during the period. Samlyn Capital LLC raised its holdings in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after buying an additional 855,099 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Hasbro by 469.4% in the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares during the period. Smith Group Asset Management LLC purchased a new position in shares of Hasbro in the third quarter worth approximately $32,032,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Hasbro during the third quarter valued at approximately $18,163,000. Institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Hasbro Price Performance

NASDAQ HAS opened at $65.32 on Wednesday. The company has a 50 day moving average price of $67.50 and a two-hundred day moving average price of $64.53. Hasbro, Inc. has a 12-month low of $46.09 and a 12-month high of $73.46. The stock has a market capitalization of $9.11 billion, a PE ratio of -14.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last posted its earnings results on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 revenue was down 14.8% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. As a group, equities analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.29%. Hasbro’s payout ratio is currently -60.34%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAS. Bank of America lifted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. DA Davidson upped their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their target price on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

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.