Optiver Holding B.V. Takes Position in Hasbro, Inc. (NASDAQ:HAS)

Optiver Holding B.V. bought a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 700 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. UBS Group AG lifted its stake in shares of Hasbro by 43.1% in the 4th quarter. UBS Group AG now owns 329,666 shares of the company’s stock worth $16,833,000 after acquiring an additional 99,263 shares during the period. CWM LLC boosted its position in shares of Hasbro by 37.1% during the 4th quarter. CWM LLC now owns 1,910 shares of the company’s stock worth $97,000 after purchasing an additional 517 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Hasbro by 1.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock valued at $67,756,000 after purchasing an additional 22,688 shares in the last quarter. Norges Bank acquired a new position in Hasbro during the fourth quarter worth $70,544,000. Finally, Aigen Investment Management LP purchased a new stake in Hasbro during the third quarter worth $1,250,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Price Performance

Shares of HAS traded up $0.52 during mid-day trading on Wednesday, hitting $58.01. The company’s stock had a trading volume of 1,008,245 shares, compared to its average volume of 1,824,917. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a 50-day moving average price of $59.17 and a 200 day moving average price of $53.25. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of -5.67, a PEG ratio of 0.94 and a beta of 0.65.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. On average, research analysts predict that Hasbro, Inc. will post 3.66 EPS for the current fiscal year.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares in the company, valued at approximately $3,193,960.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.82% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HAS. Stifel Nicolaus boosted their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Morgan Stanley restated an “overweight” rating and issued a $77.00 target price on shares of Hasbro in a report on Monday, May 20th. JPMorgan Chase & Co. upgraded shares of Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. UBS Group upped their price objective on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, Jefferies Financial Group raised their price objective on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $68.17.

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.