Banco Santander S.A. Grows Stock Holdings in Hasbro, Inc. $HAS

Banco Santander S.A. lifted its position in shares of Hasbro, Inc. (NASDAQ:HASFree Report) by 332.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,821 shares of the company’s stock after buying an additional 242,000 shares during the quarter. Banco Santander S.A.’s holdings in Hasbro were worth $25,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in Hasbro during the 2nd quarter valued at $25,000. MUFG Securities EMEA plc acquired a new stake in Hasbro in the second quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Hasbro in the third quarter valued at approximately $34,000. Wexford Capital LP acquired a new stake in Hasbro in the third quarter valued at approximately $37,000. Finally, Leonteq Securities AG acquired a new stake in Hasbro in the fourth quarter valued at approximately $49,000. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 0.2%

HAS stock opened at $83.90 on Friday. The firm has a 50 day moving average of $91.06 and a 200 day moving average of $90.21. The stock has a market capitalization of $11.87 billion, a PE ratio of -50.54, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. Hasbro, Inc. has a 52 week low of $67.11 and a 52 week high of $106.98.

Hasbro (NASDAQ:HASGet Free Report) last released its earnings results on Wednesday, May 20th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Hasbro had a positive return on equity of 174.64% and a negative net margin of 4.62%.The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. Sell-side analysts forecast that Hasbro, Inc. will post 6.01 earnings per share for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.3%. Hasbro’s payout ratio is -168.67%.

Analyst Ratings Changes

HAS has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Hasbro from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Argus set a $105.00 target price on shares of Hasbro in a research note on Friday, March 13th. Wells Fargo & Company lowered their target price on shares of Hasbro from $92.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday. UBS Group raised their target price on shares of Hasbro from $99.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Morgan Stanley lifted their target price on shares of Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.14.

Read Our Latest Stock Report on Hasbro

Hasbro News Roundup

Here are the key news stories impacting Hasbro this week:

About Hasbro

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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