HM Payson & Co. decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 118,388 shares of the company’s stock after selling 1,583 shares during the period. HM Payson & Co. owned 0.09% of Hasbro worth $11,563,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its stake in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after purchasing an additional 1,065 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after purchasing an additional 32 shares in the last quarter. Oakworth Capital Inc. raised its stake in Hasbro by 7.2% in the 2nd quarter. Oakworth Capital Inc. now owns 1,207 shares of the company’s stock worth $135,000 after purchasing an additional 81 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in Hasbro in the 2nd quarter worth about $155,000. Finally, Highstreet Asset Management Inc. raised its stake in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after purchasing an additional 812 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.
Hasbro, Inc. (NASDAQ HAS) traded up $2.76 during mid-day trading on Friday, hitting $91.45. 1,421,900 shares of the stock were exchanged, compared to its average volume of 1,340,167. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11. Hasbro, Inc. has a one year low of $77.20 and a one year high of $116.20. The company has a market capitalization of $11,046.84, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.77 and a beta of 0.87.
Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the business earned $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year. analysts anticipate that Hasbro, Inc. will post 5 EPS for the current fiscal year.
In other news, President John Frascotti sold 25,658 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total value of $2,432,634.98. Following the completion of the transaction, the president now directly owns 105,615 shares in the company, valued at $10,013,358.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan G. Hassenfeld sold 99,615 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total transaction of $9,701,504.85. Following the completion of the transaction, the director now owns 29,140 shares of the company’s stock, valued at $2,837,944.60. The disclosure for this sale can be found here. Insiders sold 456,006 shares of company stock valued at $43,611,776 over the last 90 days. 11.00% of the stock is owned by company insiders.
HAS has been the subject of several research reports. Wells Fargo & Company restated a “market perform” rating and set a $95.00 price target (down previously from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. Jefferies Group LLC restated a “buy” rating and set a $125.00 price target on shares of Hasbro in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reduced their price target on shares of Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $118.00 price target on shares of Hasbro in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $106.86.
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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