AMF Tjanstepension AB Invests $15.06 Million in Hasbro, Inc. (NASDAQ:HAS)

AMF Tjanstepension AB acquired a new position in Hasbro, Inc. (NASDAQ:HAS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 266,417 shares of the company’s stock, valued at approximately $15,058,000. AMF Tjanstepension AB owned about 0.19% of Hasbro as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Studio Investment Management LLC purchased a new stake in Hasbro during the third quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its position in Hasbro by 300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares in the last quarter. Optiver Holding B.V. bought a new position in shares of Hasbro in the fourth quarter worth about $36,000. Orion Capital Management LLC bought a new position in shares of Hasbro during the 3rd quarter valued at approximately $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Hasbro by 118.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after acquiring an additional 456 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at $3,193,960.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $58.50 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The firm’s 50 day simple moving average is $60.43 and its 200-day simple moving average is $54.74. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Analysts forecast that Hasbro, Inc. will post 3.72 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America raised Hasbro from a “neutral” rating to a “buy” rating and raised their price target for the company from $70.00 to $80.00 in a report on Friday, June 14th. Morgan Stanley reissued an “overweight” rating and set a $77.00 target price on shares of Hasbro in a research note on Monday, May 20th. DA Davidson upped their price target on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Stifel Nicolaus lifted their price objective on shares of Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Roth Mkm boosted their target price on shares of Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

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.