Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 60.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,961 shares of the company’s stock after selling 149,760 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Hasbro worth $10,087,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in Hasbro by 6.0% in the 3rd quarter. Shell Asset Management Co. now owns 11,677 shares of the company’s stock valued at $1,227,000 after buying an additional 656 shares during the period. Bridgeworth LLC grew its position in Hasbro by 58.2% in the third quarter. Bridgeworth LLC now owns 6,795 shares of the company’s stock worth $450,000 after acquiring an additional 2,501 shares in the last quarter. Credit Suisse AG grew its position in Hasbro by 16.4% in the third quarter. Credit Suisse AG now owns 226,086 shares of the company’s stock worth $23,767,000 after acquiring an additional 31,883 shares in the last quarter. Trexquant Investment LP bought a new stake in Hasbro in the third quarter worth approximately $2,063,000. Finally, DekaBank Deutsche Girozentrale grew its position in Hasbro by 14.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 16,489 shares of the company’s stock worth $1,738,000 after acquiring an additional 2,142 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.
Several analysts have commented on the stock. ValuEngine downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Argus decreased their target price on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Citigroup decreased their target price on shares of Hasbro from $116.00 to $114.00 and set a “buy” rating for the company in a research 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 analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Hasbro has a consensus rating of “Hold” and a consensus target price of $105.33.
In related news, CEO Brian Goldner bought 11,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $91.80 per share, for a total transaction of $1,009,800.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Wiebe Tinga sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 713,570 shares of company stock valued at $69,562,482. Corporate insiders own 9.90% of the company’s stock.
NASDAQ HAS opened at $88.41 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90. The firm has a market cap of $11.18 billion, a P/E ratio of 16.19, a PEG ratio of 1.78 and a beta of 0.95. Hasbro, Inc. has a 1 year low of $79.00 and a 1 year high of $109.60.
Hasbro (NASDAQ:HAS) last released its earnings results 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). The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. Hasbro’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, equities research analysts expect that Hasbro, Inc. will post 4.25 earnings per share for the current year.
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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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