Commonwealth Equity Services Inc Has $2.69 Million Stake in Hasbro, Inc. (HAS)
Commonwealth Equity Services Inc lifted its position in Hasbro, Inc. (NASDAQ:HAS) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,591 shares of the company’s stock after buying an additional 1,841 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Hasbro were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Hasbro by 7,100.0% in the third 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 last quarter. YorkBridge Wealth Partners LLC increased its position in Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares during the period. Oakworth Capital Inc. increased its position in Hasbro by 7.2% during the second quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after acquiring an additional 81 shares during the period. San Francisco Sentry Investment Group CA bought a new position in Hasbro during the second quarter worth $155,000. Finally, Paradigm Asset Management Co. LLC bought a new position in Hasbro during the second quarter worth $167,000. Institutional investors and hedge funds own 79.27% of the company’s stock.
In other Hasbro news, Director Alan G. Hassenfeld sold 17,834 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $95.30, for a total transaction of $1,699,580.20. Following the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,777,042. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Davis sold 937 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $94.96, for a total transaction of $88,977.52. Following the transaction, the executive vice president now owns 40,888 shares in the company, valued at $3,882,724.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 430,072 shares of company stock worth $41,151,674. 11.00% of the stock is owned by corporate insiders.
HAS has been the topic of a number of research reports. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. BidaskClub lowered shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $118.00 target price on shares of Hasbro in a research report on Monday, October 2nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $106.69.
Hasbro, Inc. (NASDAQ HAS) opened at $95.05 on Wednesday. The stock has a market cap of $11,835.27, a PE ratio of 20.26, a P/E/G ratio of 1.90 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 issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. analysts forecast that Hasbro, Inc. will post 5 earnings per share for the current year.
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.
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS).
Receive News & Ratings for Hasbro Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.