Hasbro, Inc. (NASDAQ:HAS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,763,199 shares of the company’s stock after acquiring an additional 10,572 shares during the quarter. Vanguard Group Inc. owned 11.36% of Hasbro worth $804,869,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HAS. UBS Group AG lifted its holdings in Hasbro by 43.1% during the 4th quarter. UBS Group AG now owns 329,666 shares of the company’s stock worth $16,833,000 after buying an additional 99,263 shares in the last quarter. CWM LLC lifted its holdings in Hasbro by 37.1% during the 4th quarter. CWM LLC now owns 1,910 shares of the company’s stock worth $97,000 after buying an additional 517 shares in the last quarter. Norges Bank acquired a new stake in Hasbro during the 4th quarter worth approximately $70,544,000. Kovitz Investment Group Partners LLC lifted its holdings in Hasbro by 1.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock worth $67,756,000 after buying an additional 22,688 shares in the last quarter. Finally, Dean Capital Management purchased a new stake in shares of Hasbro in the 4th quarter valued at approximately $767,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the completion of the sale, the executive vice president now owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on HAS. JPMorgan Chase & Co. raised shares of Hasbro from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. DA Davidson increased their price objective on shares of Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. UBS Group increased their price objective on shares of Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, May 24th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Monness Crespi & Hardt increased their price objective on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Hasbro Stock Up 2.7 %

Shares of NASDAQ:HAS opened at $62.26 on Friday. The stock has a market cap of $8.67 billion, a P/E ratio of -6.14, a P/E/G ratio of 0.63 and a beta of 0.65. The firm has a fifty day moving average price of $60.02 and a 200 day moving average price of $54.37. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Sell-side analysts predict that Hasbro, Inc. will post 3.72 EPS for the current year.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.