Hasbro, Inc. (HAS) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,600 shares of the company’s stock after purchasing an additional 10,350 shares during the quarter. Macquarie Group Ltd. owned about 0.06% of Hasbro worth $7,188,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Hasbro by 5.7% in the second quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after buying an additional 695,231 shares in the last quarter. BlackRock Inc. raised its stake in Hasbro by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after purchasing an additional 700,898 shares during the period. Wells Fargo & Company MN increased its stake in shares of Hasbro by 1.0% in the second quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock worth $308,649,000 after acquiring an additional 26,350 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Hasbro by 6.3% in the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock worth $226,136,000 after acquiring an additional 137,568 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Hasbro by 70.2% in the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after buying an additional 868,073 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Monday, August 28th. DA Davidson reissued a “buy” rating and issued a $124.00 price target (up previously from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. KeyCorp reissued an “overweight” rating and issued a $112.00 price target on shares of Hasbro in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $104.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $105.99.
Shares of Hasbro, Inc. (NASDAQ HAS) opened at $93.02 on Friday. 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 twelve month low of $77.20 and a twelve month high of $116.20. The company has a market cap of $11,680.82, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.88 and a beta of 0.87.
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, beating the consensus estimate of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $2.03 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. analysts predict that Hasbro, Inc. will post 5 EPS for the current year.
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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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