Legal & General Group Plc raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 619,381 shares of the company’s stock after acquiring an additional 35,521 shares during the period. Legal & General Group Plc owned about 0.50% of Hasbro worth $60,495,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. increased its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Hasbro by 2.8% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock worth $129,000 after acquiring an additional 32 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Hasbro in the 2nd quarter worth about $155,000. Highstreet Asset Management Inc. increased its holdings in Hasbro by 105.2% in the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock worth $155,000 after acquiring an additional 812 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new stake in Hasbro in the 2nd quarter worth about $167,000. Institutional investors and hedge funds own 79.83% of the company’s stock.
Shares of Hasbro, Inc. (HAS) opened at $92.14 on Tuesday. The firm has a market capitalization of $11,439.19, a P/E ratio of 19.58, a P/E/G ratio of 1.84 and a beta of 0.86. Hasbro, Inc. has a 12-month low of $77.20 and a 12-month high of $116.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.53 and a quick ratio of 2.11.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. Hasbro’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS. analysts expect that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
A number of research analysts have weighed in on HAS shares. Jefferies Group set a $125.00 target price on Hasbro and gave the company a “buy” rating in a report on Monday, August 21st. Zacks Investment Research lowered Hasbro from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. UBS set a $104.00 target price on Hasbro and gave the company a “hold” rating in a report on Monday, November 13th. DA Davidson set a $124.00 target price on Hasbro and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $105.99.
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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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