Skandinaviska Enskilda Banken AB publ Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Skandinaviska Enskilda Banken AB publ bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,067 shares of the company’s stock, valued at approximately $1,006,000.

A number of other large investors also recently modified their holdings of the stock. Huntington National Bank raised its position in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Hasbro by 3.5% during the fourth quarter. Keybank National Association OH now owns 5,381 shares of the company’s stock valued at $301,000 after acquiring an additional 180 shares during the period. Principal Securities Inc. boosted its holdings in Hasbro by 16.4% in the fourth quarter. Principal Securities Inc. now owns 1,478 shares of the company’s stock valued at $83,000 after acquiring an additional 208 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in Hasbro by 5.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,090 shares of the company’s stock worth $225,000 after purchasing an additional 210 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HAS. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Roth Mkm increased their price objective on shares of Hasbro from $68.00 to $82.00 and gave the company a “buy” rating in a report on Friday, February 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $84.00 price objective (down from $88.00) on shares of Hasbro in a research note on Friday, February 21st. Finally, DA Davidson upped their target price on shares of Hasbro from $73.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Hasbro Stock Performance

HAS stock opened at $60.22 on Tuesday. Hasbro, Inc. has a 1-year low of $52.95 and a 1-year high of $73.46. The business’s 50-day moving average price is $60.50 and its two-hundred day moving average price is $63.93. The firm has a market cap of $8.40 billion, a PE ratio of 21.90, a P/E/G ratio of 0.60 and a beta of 0.51. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.02 billion. As a group, research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Monday, March 3rd. Hasbro’s dividend payout ratio is 101.82%.

Hasbro Company 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.