KBC Group NV Lowers Position in Hasbro, Inc. (NASDAQ:HAS)

KBC Group NV lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 56.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,841 shares of the company's stock after selling 10,086 shares during the period. KBC Group NV's holdings in Hasbro were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company's stock valued at $108,723,000 after buying an additional 135,548 shares during the period. Samlyn Capital LLC lifted its position 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 worth $107,252,000 after purchasing an additional 855,099 shares during the period. Swedbank AB purchased a new stake in shares of Hasbro in the 1st quarter worth about $82,523,000. Point72 Asset Management L.P. lifted its position in shares of Hasbro by 43.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 707,809 shares of the company's stock worth $41,407,000 after purchasing an additional 213,664 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company's stock worth $40,037,000 after purchasing an additional 565,645 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Performance

Shares of HAS stock traded up $0.07 during trading hours on Tuesday, reaching $61.76. The company had a trading volume of 1,341,415 shares, compared to its average volume of 1,622,681. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The firm has a market cap of $8.62 billion, a PE ratio of -13.30, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63. The business has a fifty day moving average price of $68.89 and a 200-day moving average price of $64.32. Hasbro, Inc. has a one year low of $43.74 and a one year high of $73.46.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm's revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current fiscal year.

Hasbro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.53%. The ex-dividend date is Wednesday, November 20th. Hasbro's dividend payout ratio is currently -60.34%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HAS. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. DA Davidson increased 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. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $80.67.

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.