Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) by 28.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,334 shares of the company’s stock after purchasing an additional 3,402 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Hasbro were worth $857,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Hasbro by 7,141.6% in the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after acquiring an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Hasbro in the third quarter valued at approximately $18,163,000. Charles Schwab Investment Management Inc. lifted its holdings in Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the last quarter. American Trust acquired a new position in Hasbro in the third quarter valued at approximately $634,000. Finally, Quest Partners LLC lifted its holdings in Hasbro by 972.6% in the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after acquiring an additional 26,337 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
HAS has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. DA Davidson upped their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.
Hasbro Stock Up 0.9 %
Hasbro stock opened at $60.82 on Friday. Hasbro, Inc. has a twelve month low of $48.63 and a twelve month high of $73.46. The stock’s fifty day simple moving average is $58.54 and its 200-day simple moving average is $64.23. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $8.48 billion, a P/E ratio of -13.11, a P/E/G ratio of 0.51 and a beta of 0.64.
Insider Transactions at Hasbro
In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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.
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