Candriam Luxembourg S.C.A. lessened its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 72.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,260 shares of the company’s stock after selling 14,175 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Hasbro were worth $553,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in Hasbro by 56.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 64,987 shares of the company’s stock valued at $5,999,000 after purchasing an additional 23,393 shares in the last quarter. Advisor Partners LLC boosted its holdings in shares of Hasbro by 23.8% during the 2nd quarter. Advisor Partners LLC now owns 3,363 shares of the company’s stock valued at $310,000 after acquiring an additional 647 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Hasbro during the 2nd quarter valued at about $451,000. First Mercantile Trust Co. purchased a new stake in shares of Hasbro during the 2nd quarter valued at about $292,000. Finally, Coastline Trust Co boosted its holdings in shares of Hasbro by 22.4% during the 2nd quarter. Coastline Trust Co now owns 11,185 shares of the company’s stock valued at $1,033,000 after acquiring an additional 2,050 shares during the last quarter. 82.31% of the stock is currently owned by institutional investors.

In related news, EVP Wiebe Tinga sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total value of $598,800.00. Following the transaction, the executive vice president now owns 44,559 shares of the company’s stock, valued at $4,446,988.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO John Frascotti sold 20,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was 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 directly owns 122,003 shares in the company, valued at approximately $12,444,306. The disclosure for this sale can be found here. In the last three months, insiders sold 451,533 shares of company stock worth $44,159,580. 9.90% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Argus dropped their price target on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Citigroup dropped their price target on shares of Hasbro from $116.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Zacks Investment Research downgraded shares of Hasbro from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Finally, BidaskClub downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Hasbro currently has an average rating of “Hold” and an average target price of $105.33.

HAS opened at $96.03 on Monday. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $12.15 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Hasbro, Inc. has a 12-month low of $79.00 and a 12-month high of $109.60.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.09 EPS. On average, equities research analysts predict that Hasbro, Inc. will post 4.25 earnings per share for the current year.

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About Hasbro

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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