Girard Partners LTD. lessened its position in Hasbro, Inc. (NASDAQ:HAS) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,275 shares of the company’s stock after selling 928 shares during the quarter. Girard Partners LTD.’s holdings in Hasbro were worth $1,185,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HAS. BlackRock Inc. increased its position in Hasbro by 1.9% in the 2nd quarter. BlackRock Inc. now owns 7,761,572 shares of the company’s stock valued at $716,472,000 after acquiring an additional 146,319 shares in the last quarter. Janus Henderson Group PLC raised its position in Hasbro by 3.9% during the third quarter. Janus Henderson Group PLC now owns 3,315,986 shares of the company’s stock worth $348,577,000 after acquiring an additional 123,496 shares in the last quarter. Victory Capital Management Inc. raised its position in Hasbro by 8.7% during the third quarter. Victory Capital Management Inc. now owns 2,815,406 shares of the company’s stock worth $295,956,000 after acquiring an additional 224,425 shares in the last quarter. JPMorgan Chase & Co. raised its position in Hasbro by 43.9% during the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock worth $241,773,000 after acquiring an additional 701,535 shares in the last quarter. Finally, Boston Partners raised its position in Hasbro by 23.5% during the second quarter. Boston Partners now owns 2,238,101 shares of the company’s stock worth $206,600,000 after acquiring an additional 426,060 shares in the last quarter. Institutional investors and hedge funds own 82.31% of the company’s stock.

NASDAQ:HAS opened at $94.89 on Tuesday. Hasbro, Inc. has a one year low of $79.00 and a one year high of $109.60. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.97 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.95 and a current ratio of 2.41.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Hasbro’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts predict that Hasbro, Inc. will post 4.25 earnings per share for the current fiscal year.

In related news, EVP Dolph Johnson sold 11,421 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $101.00, for a total value of $1,153,521.00. Following the transaction, the executive vice president now directly owns 31,843 shares in the company, valued at $3,216,143. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Frascotti sold 20,500 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $102.00, for a total transaction of $2,091,000.00. Following the completion of the transaction, the chief operating officer now owns 122,003 shares in the company, valued at $12,444,306. The disclosure for this sale can be found here. Over the last quarter, insiders sold 480,446 shares of company stock worth $47,107,908. Corporate insiders own 9.90% of the company’s stock.

Several research firms have issued reports on HAS. Barclays upped their price target on shares of Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 24th. TheStreet raised shares of Hasbro from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Citigroup upped their price target on shares of Hasbro from $101.00 to $116.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. SunTrust Banks dropped their price target on shares of Hasbro to $96.00 and set a “hold” rating on the stock in a research report on Tuesday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of Hasbro from $75.00 to $85.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $105.33.

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Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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