Toronto Dominion Bank Has $5.12 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Toronto Dominion Bank lifted its position in shares of Hasbro, Inc. (NASDAQ:HASGet Rating) by 7.1% in the second quarter, Holdings Channel reports. The institutional investor owned 62,506 shares of the company’s stock after acquiring an additional 4,120 shares during the period. Toronto Dominion Bank’s holdings in Hasbro were worth $5,117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HAS. Trexquant Investment LP bought a new position in Hasbro during the second quarter worth about $4,043,000. Deutsche Bank AG boosted its stake in shares of Hasbro by 8.8% in the second quarter. Deutsche Bank AG now owns 1,000,973 shares of the company’s stock valued at $81,960,000 after buying an additional 80,554 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hasbro during the second quarter worth approximately $1,867,000. Bank of Montreal Can increased its stake in Hasbro by 295.1% during the 2nd quarter. Bank of Montreal Can now owns 124,982 shares of the company’s stock worth $10,777,000 after acquiring an additional 93,351 shares during the period. Finally, Alps Advisors Inc. raised its holdings in Hasbro by 5.2% in the 2nd quarter. Alps Advisors Inc. now owns 294,299 shares of the company’s stock valued at $24,097,000 after acquiring an additional 14,668 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Hasbro Stock Up 1.5 %

Shares of NASDAQ:HAS opened at $62.16 on Thursday. The business’s 50-day moving average is $66.10 and its 200-day moving average is $76.92. Hasbro, Inc. has a 1 year low of $55.15 and a 1 year high of $105.73. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 3.81 and a beta of 0.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.38 and a quick ratio of 1.03.

Hasbro (NASDAQ:HASGet Rating) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.11). The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Hasbro had a net margin of 6.70% and a return on equity of 19.90%. Hasbro’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same period last year, the firm posted $1.96 earnings per share. Equities research analysts predict that Hasbro, Inc. will post 4.66 earnings per share for the current year.

Analysts Set New Price Targets

HAS has been the subject of a number of analyst reports. Jefferies Financial Group dropped their price target on Hasbro from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. Bank of America cut shares of Hasbro from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $73.00 to $42.00 in a research note on Monday, November 14th. Truist Financial cut their target price on Hasbro from $88.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 5th. MKM Partners decreased their price target on Hasbro from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Finally, Stifel Nicolaus dropped their price target on Hasbro from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hasbro presently has an average rating of “Hold” and an average price target of $92.36.

Hasbro Profile

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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