Anchor Capital Advisors LLC Sells 7,833 Shares of Hasbro, Inc. (HAS)
Anchor Capital Advisors LLC lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 473,693 shares of the company’s stock after selling 7,833 shares during the quarter. Hasbro comprises approximately 1.7% of Anchor Capital Advisors LLC’s portfolio, making the stock its 10th biggest position. Anchor Capital Advisors LLC owned 0.38% of Hasbro worth $46,266,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HAS. Wellington Management Group LLP purchased a new position in Hasbro during the first quarter valued at $2,619,000. Thrivent Financial For Lutherans raised its position in shares of Hasbro by 4.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 4,120 shares of the company’s stock worth $411,000 after purchasing an additional 190 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 417,044 shares of the company’s stock worth $41,628,000 after purchasing an additional 20,043 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of Hasbro by 637.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 23,817 shares of the company’s stock worth $2,656,000 after purchasing an additional 20,586 shares during the last quarter. Finally, National Pension Service raised its position in shares of Hasbro by 10.2% in the 2nd quarter. National Pension Service now owns 126,699 shares of the company’s stock worth $13,944,000 after purchasing an additional 11,682 shares during the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $121.00 price target (up previously from $118.00) on shares of Hasbro in a research report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Hasbro in a research report on Friday, July 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $108.00 price target on shares of Hasbro in a research report on Thursday, August 3rd. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a research report on Thursday, August 17th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $118.00 price target on shares of Hasbro in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $106.86.
In other Hasbro news, EVP Stephen J. Davis sold 937 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.96, for a total transaction of $88,977.52. Following the completion of the sale, the executive vice president now directly owns 40,888 shares in the company, valued at approximately $3,882,724.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wiebe Tinga sold 25,009 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $94.92, for a total value of $2,373,854.28. Following the sale, the executive vice president now owns 75,639 shares of the company’s stock, valued at $7,179,653.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 456,006 shares of company stock valued at $43,611,776. Corporate insiders own 11.00% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) traded up $2.76 during trading on Monday, hitting $91.45. The company’s stock had a trading volume of 1,421,900 shares, compared to its average volume of 1,340,167. The company has a market cap of $11,390.61, a P/E ratio of 19.50, a P/E/G ratio of 1.83 and a beta of 0.87. Hasbro, Inc. has a 1-year low of $77.20 and a 1-year high of $116.20. 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 (NASDAQ:HAS) last released its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. The business had revenue of $1.79 billion during 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%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 EPS. equities research analysts forecast 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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