BNP Paribas Arbitrage SA Sells 14,067 Shares of Hasbro, Inc. (HAS)
BNP Paribas Arbitrage SA lowered its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,314 shares of the company’s stock after selling 14,067 shares during the period. BNP Paribas Arbitrage SA’s holdings in Hasbro were worth $5,891,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in HAS. Thrivent Financial For Lutherans boosted its position in Hasbro by 4.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,120 shares of the company’s stock valued at $411,000 after buying an additional 190 shares during the period. Dimensional Fund Advisors LP boosted its position in Hasbro by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 417,044 shares of the company’s stock valued at $41,628,000 after buying an additional 20,043 shares during the period. Meeder Asset Management Inc. boosted its position in Hasbro by 26.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,668 shares of the company’s stock valued at $186,000 after buying an additional 352 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in Hasbro by 506.8% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 18,173 shares of the company’s stock valued at $2,026,000 after buying an additional 15,178 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Hasbro by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,284 shares of the company’s stock valued at $2,819,000 after buying an additional 100 shares during the period. 79.60% of the stock is currently owned by institutional investors.
Shares of Hasbro, Inc. (HAS) opened at $95.89 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.11 and a debt-to-equity ratio of 0.87. The stock has a market cap of $11,940.00, a P/E ratio of 20.47, a P/E/G ratio of 1.92 and a beta of 0.87. Hasbro, Inc. has a 12-month low of $77.20 and a 12-month high of $116.20.
Hasbro (NASDAQ:HAS) last issued its quarterly 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 net margin of 11.34% and a return on equity of 31.74%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. equities analysts predict that Hasbro, Inc. will post 5 EPS for the current fiscal year.
Several equities research analysts have weighed in on the stock. UBS AG set a $104.00 price target on shares of Hasbro and gave the company a “hold” rating in a research report on Monday, November 13th. DA Davidson set a $124.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Barclays PLC reaffirmed an “equal weight” rating on shares of Hasbro in a research report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $105.00 target price on shares of Hasbro in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.69.
In other news, President John Frascotti sold 25,658 shares of the business’s stock in a transaction 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 transaction, the president now owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alan G. Hassenfeld sold 17,834 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,777,042. The disclosure for this sale can be found here. Insiders have sold 455,730 shares of company stock worth $43,584,309 in the last ninety days. Insiders own 11.00% of the company’s stock.
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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