Hasbro, Inc. $HAS Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 890.0% in the first quarter, HoldingsChannel reports. The fund owned 78,347 shares of the company’s stock after purchasing an additional 70,433 shares during the quarter. Fifth Third Bancorp’s holdings in Hasbro were worth $7,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Hasbro during the fourth quarter worth approximately $27,000. MUFG Securities EMEA plc acquired a new position in Hasbro in the second quarter worth approximately $28,000. Wexford Capital LP acquired a new position in Hasbro in the third quarter worth approximately $37,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Hasbro in the first quarter valued at $37,000. 91.83% of the stock is currently owned by institutional investors.

Trending Headlines about Hasbro

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: BNP Paribas Exane lowered its price target on Hasbro to $114 from $117, but reiterated an outperform rating, signaling the firm still sees meaningful upside from current levels. BNP Paribas Exane price target update
• Positive Sentiment: Roth Capital also cut its target, to $100 from $120, while keeping a buy rating, which indicates analysts continue to view Hasbro as attractive even after trimming expectations. Roth Capital price target update
• Neutral Sentiment: Hasbro’s NFL-themed Transformers crossover is drawing attention, with a review highlighting the product line as a consumer-interest story that could support merchandising demand, but it is not yet a clear stock-moving catalyst. 49ers Goldrush Transformers Review
• Neutral Sentiment: Hasbro was projected to announce earnings soon, keeping investors focused on whether upcoming results can validate recent analyst optimism or disappointment. Hasbro projected to announce earnings
• Negative Sentiment: Zacks Research downgraded Hasbro from strong-buy to hold, adding to concerns that the stock may have limited near-term momentum despite broader analyst support. Zacks downgrade

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HAS shares. Roth Capital decreased their price target on Hasbro from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group restated a “buy” rating and set a $110.00 price objective on shares of Hasbro in a report on Thursday, June 18th. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price on shares of Hasbro in a report on Thursday, May 21st. Zacks Research downgraded shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings lowered shares of Hasbro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.57.

Hasbro Trading Up 2.7%

NASDAQ:HAS opened at $80.51 on Thursday. The stock’s 50 day moving average price is $85.63 and its 200 day moving average price is $90.26. Hasbro, Inc. has a 52 week low of $69.50 and a 52 week high of $106.98. The company has a market capitalization of $11.39 billion, a P/E ratio of -48.50, a P/E/G ratio of 1.91 and a beta of 0.49. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.65.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, May 13th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. During the same period last year, the company earned $1.04 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Hasbro, Inc. will post 6.04 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, June 1st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 1st. Hasbro’s payout ratio is currently -168.67%.

Hasbro Company Profile

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.