Hasbro, Inc. (HAS) Position Lifted by State of Wisconsin Investment Board

State of Wisconsin Investment Board boosted its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,766 shares of the company’s stock after buying an additional 8,476 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Hasbro worth $10,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Nationwide Fund Advisors raised its position in Hasbro by 128.5% during the second quarter. Nationwide Fund Advisors now owns 217,000 shares of the company’s stock valued at $24,198,000 after buying an additional 122,023 shares during the period. Prudential Financial Inc. raised its position in Hasbro by 1.3% during the second quarter. Prudential Financial Inc. now owns 195,063 shares of the company’s stock valued at $21,752,000 after buying an additional 2,500 shares during the period. Federated Investors Inc. PA raised its position in Hasbro by 121.6% during the second quarter. Federated Investors Inc. PA now owns 5,797 shares of the company’s stock valued at $646,000 after buying an additional 3,181 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Hasbro by 16.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 85,686 shares of the company’s stock valued at $9,555,000 after buying an additional 12,246 shares during the period. Finally, Principal Financial Group Inc. raised its position in Hasbro by 311.6% during the second quarter. Principal Financial Group Inc. now owns 2,177,740 shares of the company’s stock valued at $242,840,000 after buying an additional 1,648,675 shares during the period. 79.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hasbro, Inc. (HAS) opened at $94.75 on Thursday. Hasbro, Inc. has a 52 week low of $77.20 and a 52 week high of $116.20. The firm has a market capitalization of $11,954.85, a P/E ratio of 20.47, a P/E/G ratio of 1.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53.

Hasbro (NASDAQ:HAS) last announced its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities analysts forecast that Hasbro, Inc. will post 5 earnings per share for the current year.

In related news, Director Alan G. Hassenfeld sold 17,834 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $95.30, for a total transaction of $1,699,580.20. Following the completion of the sale, the director now owns 29,140 shares in the company, valued at approximately $2,777,042. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President John Frascotti sold 25,658 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $94.81, for a total value of $2,432,634.98. Following the sale, the president now owns 105,615 shares of the company’s stock, valued at approximately $10,013,358.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 455,730 shares of company stock valued at $43,584,309. 11.00% of the stock is owned by corporate insiders.

Several brokerages have weighed in on HAS. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $95.00 target price (down from $100.00) on shares of Hasbro in a research report on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research report on Thursday, August 31st. DA Davidson set a $124.00 target price on Hasbro and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus dropped their target price on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $106.69.

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Hasbro Profile

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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