Hasbro, Inc. (HAS) Position Lowered by Unigestion Holding SA

Unigestion Holding SA trimmed its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,999 shares of the company’s stock after selling 6,018 shares during the period. Hasbro makes up 1.2% of Unigestion Holding SA’s investment portfolio, making the stock its 23rd largest holding. Unigestion Holding SA owned about 0.41% of Hasbro worth $55,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Hasbro by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 3,292,366 shares of the company’s stock worth $277,546,000 after purchasing an additional 61,893 shares during the period. DnB Asset Management AS boosted its stake in Hasbro by 7.8% during the 2nd quarter. DnB Asset Management AS now owns 13,888 shares of the company’s stock worth $1,282,000 after purchasing an additional 1,000 shares during the period. IFM Investors Pty Ltd boosted its stake in Hasbro by 50.8% during the 2nd quarter. IFM Investors Pty Ltd now owns 5,242 shares of the company’s stock worth $484,000 after purchasing an additional 1,767 shares during the period. Hollencrest Capital Management acquired a new stake in Hasbro during the 2nd quarter worth $208,000. Finally, State of Alaska Department of Revenue boosted its stake in Hasbro by 164.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 142,086 shares of the company’s stock worth $13,114,000 after purchasing an additional 88,440 shares during the period. 78.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HAS opened at $100.40 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $12.50 billion, a PE ratio of 18.39, a P/E/G ratio of 1.99 and a beta of 0.96. Hasbro, Inc. has a 52-week low of $79.00 and a 52-week high of $109.60.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings results on Monday, October 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.23 by ($0.30). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 EPS. On average, equities research analysts forecast that Hasbro, Inc. will post 4.25 EPS for the current fiscal year.

In other news, COO John Frascotti sold 20,500 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $102.00, for a total value of $2,091,000.00. Following the completion of the transaction, the chief operating officer now owns 122,003 shares in the company, valued at approximately $12,444,306. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tarrant L. Sibley sold 1,525 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total transaction of $152,500.00. Following the completion of the transaction, the senior vice president now owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. Insiders sold a total of 75,971 shares of company stock valued at $7,697,608 in the last quarter. Insiders own 9.90% of the company’s stock.

Several analysts have recently commented on HAS shares. ValuEngine upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. BMO Capital Markets cut shares of Hasbro from a “market perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a research note on Monday, July 16th. BidaskClub cut shares of Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 17th. Jefferies Financial Group set a $120.00 target price on shares of Hasbro and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Finally, B. Riley raised their target price on shares of Hasbro from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.33.

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About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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