Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,928 shares of the company’s stock after acquiring an additional 1,369 shares during the period. Bleakley Financial Group LLC’s holdings in Hasbro were worth $718,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in Hasbro by 77.2% during the first quarter. Commonwealth Equity Services LLC now owns 48,657 shares of the company’s stock valued at $2,750,000 after purchasing an additional 21,204 shares during the period. Intech Investment Management LLC grew its holdings in Hasbro by 351.7% during the first quarter. Intech Investment Management LLC now owns 24,411 shares of the company’s stock worth $1,380,000 after acquiring an additional 19,007 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Hasbro by 95.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,100 shares of the company’s stock valued at $2,020,000 after acquiring an additional 19,113 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Hasbro by 7.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 151,770 shares of the company’s stock worth $8,149,000 after purchasing an additional 10,961 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Hasbro by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock valued at $1,557,000 after purchasing an additional 8,280 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

NASDAQ:HAS opened at $71.94 on Tuesday. The stock has a 50 day moving average price of $69.58 and a 200 day moving average price of $63.37. The stock has a market cap of $10.02 billion, a PE ratio of -7.09, a P/E/G ratio of 0.54 and a beta of 0.61. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.44. The business had revenue of $995.30 million during the quarter, compared to analysts’ expectations of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HAS. Jefferies Financial Group increased their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price target on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday. DA Davidson reaffirmed a “neutral” rating and issued a $59.00 price target on shares of Hasbro in a report on Friday, July 26th. Stifel Nicolaus raised their price objective on Hasbro from $78.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and a consensus target price of $75.10.

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.