Ameriprise Financial Inc. Buys 403,580 Shares of Hasbro, Inc. (HAS)
Ameriprise Financial Inc. grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 38.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,440,532 shares of the company’s stock after purchasing an additional 403,580 shares during the period. Ameriprise Financial Inc. owned about 1.15% of Hasbro worth $140,539,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. raised its stake in shares of Hasbro by 7,100.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after buying an additional 1,065 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Hasbro by 2.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after buying an additional 32 shares during the period. Oakworth Capital Inc. raised its stake in shares of Hasbro by 7.2% during the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after buying an additional 81 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Hasbro during the 2nd quarter worth approximately $155,000. Finally, Highstreet Asset Management Inc. raised its stake in shares of Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after buying an additional 812 shares during the period. Institutional investors and hedge funds own 79.27% of the company’s stock.
Several brokerages have recently weighed in on HAS. Stifel Nicolaus reduced their target price on Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research note on Monday, October 16th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. DA Davidson set a $124.00 price objective on Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, UBS AG set a $104.00 price objective on Hasbro and gave the company a “hold” rating in a research note on Monday, November 13th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hasbro currently has a consensus rating of “Hold” and an average price target of $106.69.
Shares of Hasbro, Inc. (HAS) opened at $94.65 on Friday. Hasbro, Inc. has a 52 week low of $77.20 and a 52 week high of $116.20. The stock has a market capitalization of $11,836.52, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.15. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. sell-side analysts anticipate that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
In other news, Director Alan G. Hassenfeld sold 262,177 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $95.04, for a total transaction of $24,917,302.08. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,769,465.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total value of $146,355.00. Following the transaction, the executive vice president now owns 39,125 shares of the company’s stock, valued at $3,817,426.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 430,072 shares of company stock valued at $41,151,674. Company insiders own 11.00% of the company’s stock.
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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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