Asset Management One Co. Ltd. Has $187,000 Position in Hasbro, Inc. (NASDAQ:HAS)

Asset Management One Co. Ltd. raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,290 shares of the company’s stock after buying an additional 672 shares during the period. Asset Management One Co. Ltd.’s holdings in Hasbro were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. Pacer Advisors Inc. grew its position in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after acquiring an additional 2,779,877 shares during the period. Mizuho Securities USA LLC grew its position in shares of Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock valued at $72,320,000 after acquiring an additional 989,906 shares during the period. Smith Group Asset Management LLC bought a new position in shares of Hasbro in the 3rd quarter valued at about $32,032,000. Robeco Institutional Asset Management B.V. grew its position in shares of Hasbro by 207.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock valued at $30,629,000 after acquiring an additional 369,744 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Hasbro by 882.9% in the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock valued at $22,410,000 after acquiring an additional 360,039 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on HAS shares. Stifel Nicolaus reduced their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Morgan Stanley lifted their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson lifted their target price on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $80.11.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

NASDAQ HAS opened at $69.16 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $9.65 billion, a P/E ratio of -14.91, a P/E/G ratio of 0.53 and a beta of 0.64. Hasbro, Inc. has a 12-month low of $48.63 and a 12-month high of $73.46. The firm has a 50-day moving average price of $58.21 and a two-hundred day moving average price of $64.13.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. Analysts anticipate that Hasbro, Inc. will post 3.86 earnings per share 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.