22,551 Shares in Hasbro, Inc. (HAS) Purchased by Strategy Asset Managers LLC
Strategy Asset Managers LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,551 shares of the company’s stock, valued at approximately $2,203,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Hasbro by 14.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,552 shares of the company’s stock worth $2,398,000 after purchasing an additional 3,025 shares in the last quarter. Capital Analysts LLC purchased a new position in Hasbro in the 3rd quarter worth approximately $3,354,000. Toronto Dominion Bank lifted its holdings in Hasbro by 13.2% in the 3rd quarter. Toronto Dominion Bank now owns 43,121 shares of the company’s stock worth $4,211,000 after purchasing an additional 5,017 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Hasbro by 9.3% in the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock worth $27,248,000 after purchasing an additional 23,820 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its holdings in Hasbro by 1,325.8% in the 3rd quarter. Private Wealth Partners LLC now owns 51,057 shares of the company’s stock worth $4,987,000 after purchasing an additional 47,476 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on HAS shares. Wells Fargo & Company reissued a “market perform” rating and issued a $95.00 price target (down from $100.00) on shares of Hasbro in a report on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Hasbro in a report on Thursday, August 31st. Zacks Investment Research cut Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Stifel Nicolaus decreased their price objective on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $118.00 price objective on shares of Hasbro in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $106.86.
In other Hasbro news, President John Frascotti sold 25,658 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total value of $2,432,634.98. Following the transaction, the president now owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan G. Hassenfeld sold 276 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,900,012.80. The disclosure for this sale can be found here. Insiders sold a total of 456,006 shares of company stock worth $43,611,776 in the last ninety days. 11.00% of the stock is currently owned by corporate insiders.
Hasbro, Inc. (NASDAQ:HAS) traded up $5.38 during midday trading on Monday, hitting $96.83. The stock had a trading volume of 5,209,302 shares, compared to its average volume of 1,340,167. The company has a market cap of $12,110.00, a P/E ratio of 19.50, a P/E/G ratio of 1.83 and a beta of 0.87. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87. Hasbro, Inc. has a 52-week low of $77.20 and a 52-week high of $116.20.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. Hasbro’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 EPS. research analysts expect that Hasbro, Inc. will post 5 EPS for the current fiscal year.
Hasbro Company Profile
Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.
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