KBC Group NV Has $567,000 Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

KBC Group NV decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 56.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Axiom Advisory LLC boosted its position in shares of Hasbro by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after acquiring an additional 170 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after purchasing an additional 179 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Hasbro by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 196 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Hasbro by 4.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after purchasing an additional 217 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Hasbro by 0.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 32,400 shares of the company’s stock worth $1,895,000 after buying an additional 288 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Down 0.8 %

NASDAQ:HAS opened at $61.69 on Tuesday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of -13.41, a P/E/G ratio of 0.58 and a beta of 0.63. 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 stock’s fifty day moving average price is $69.01 and its two-hundred day moving average price is $64.32. Hasbro, Inc. has a 52-week low of $43.74 and a 52-week high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.45. The business 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 firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. On average, analysts anticipate that Hasbro, Inc. will post 3.94 EPS for the current year.

Hasbro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Wednesday, November 20th. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Analysts Set New Price Targets

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