Hasbro, Inc. (HAS) Position Boosted by Prudential Financial Inc.
Prudential Financial Inc. increased its position in Hasbro, Inc. (NASDAQ:HAS) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 199,743 shares of the company’s stock after purchasing an additional 4,680 shares during the period. Prudential Financial Inc. owned about 0.16% of Hasbro worth $19,508,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Hasbro by 128.5% in the 2nd quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock worth $24,198,000 after purchasing an additional 122,023 shares during the period. Federated Investors Inc. PA lifted its position in Hasbro by 121.6% in the 2nd quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock worth $646,000 after buying an additional 3,181 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Hasbro by 16.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 85,686 shares of the company’s stock worth $9,555,000 after buying an additional 12,246 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hasbro by 311.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock worth $242,840,000 after buying an additional 1,648,675 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in Hasbro by 37.5% in the 2nd quarter. Engineers Gate Manager LP now owns 36,912 shares of the company’s stock worth $4,116,000 after buying an additional 10,074 shares in the last quarter. 79.60% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Wiebe Tinga sold 25,009 shares of Hasbro stock in a transaction on 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 transaction, the executive vice president now owns 75,639 shares in the company, valued at approximately $7,179,653.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John Frascotti sold 25,658 shares of Hasbro stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the transaction, the president now owns 105,615 shares in the company, valued at approximately $10,013,358.15. The disclosure for this sale can be found here. Insiders sold a total of 455,730 shares of company stock worth $43,584,309 in the last quarter. Insiders own 11.00% of the company’s stock.
Hasbro, Inc. (NASDAQ HAS) opened at $95.89 on Friday. The company has a market cap of $11,940.00, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.92 and a beta of 0.87. Hasbro, Inc. has a twelve month low of $77.20 and a twelve month high of $116.20. 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 announced its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.94 by $0.15. The firm 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 business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. analysts expect that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on HAS shares. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, August 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research report on Friday, July 21st. DA Davidson reiterated a “buy” rating and issued a $124.00 target price (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. Finally, KeyCorp reiterated an “overweight” rating and issued a $112.00 target price on shares of Hasbro in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $106.69.
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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