Los Angeles Capital Management & Equity Research Inc. Purchases 3,025 Shares of Hasbro, Inc. (HAS)
Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,552 shares of the company’s stock after acquiring an additional 3,025 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Hasbro were worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital Analysts LLC bought a new position in Hasbro during the 3rd quarter worth approximately $3,354,000. Toronto Dominion Bank grew its position in shares of Hasbro by 13.2% in the 3rd quarter. Toronto Dominion Bank now owns 43,121 shares of the company’s stock worth $4,211,000 after buying an additional 5,017 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Hasbro by 9.3% in the 3rd quarter. New York State Common Retirement Fund now owns 278,980 shares of the company’s stock worth $27,248,000 after buying an additional 23,820 shares during the last quarter. Private Wealth Partners LLC grew its position in shares of Hasbro by 1,325.8% in the 3rd quarter. Private Wealth Partners LLC now owns 51,057 shares of the company’s stock worth $4,987,000 after buying an additional 47,476 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Hasbro by 1.2% in the 3rd quarter. Retirement Systems of Alabama now owns 55,223 shares of the company’s stock worth $5,394,000 after buying an additional 674 shares during the last quarter. Institutional investors and hedge funds own 79.27% of the company’s stock.
Hasbro, Inc. (NASDAQ:HAS) opened at $95.03 on Friday. The company has a market capitalization of $11,836.52, a P/E ratio of 20.26, a PEG ratio of 1.90 and a beta of 0.87. 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, Inc. has a one year low of $77.20 and a one year high of $116.20.
Hasbro (NASDAQ:HAS) last released its earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. analysts expect that Hasbro, Inc. will post 5 earnings per share for the current year.
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A number of brokerages have recently weighed in on HAS. Stifel Nicolaus cut their price objective on Hasbro from $109.00 to $104.00 and set a “hold” rating on the stock in a research report on Monday, October 16th. DA Davidson set a $124.00 price objective on Hasbro and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Hasbro from a “sell” rating to a “hold” rating in a research report on Tuesday. UBS Group AG set a $104.00 price objective on Hasbro and gave the stock a “hold” rating in a research report on Monday, November 13th. Finally, BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hasbro presently has an average rating of “Hold” and a consensus target price of $106.69.
In other Hasbro news, EVP Stephen J. Davis sold 1,500 shares of Hasbro stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $97.57, for a total transaction of $146,355.00. Following the completion of the transaction, the executive vice president now owns 39,125 shares in the company, valued at $3,817,426.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan G. Hassenfeld sold 99,615 shares of Hasbro stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.39, for a total value of $9,701,504.85. Following the transaction, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,837,944.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 430,072 shares of company stock valued at $41,151,674. 11.00% of the stock is currently owned by company insiders.
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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