Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 236,012 shares of the company’s stock after selling 3,860 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.19% of Hasbro worth $23,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HAS. Russell Investments Group Ltd. boosted its stake in Hasbro by 16.3% in the second quarter. Russell Investments Group Ltd. now owns 34,554 shares of the company’s stock valued at $3,854,000 after acquiring an additional 4,848 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Hasbro by 532.0% in the second quarter. Acadian Asset Management LLC now owns 8,949 shares of the company’s stock valued at $998,000 after acquiring an additional 7,533 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Hasbro by 0.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock valued at $410,000 after acquiring an additional 10 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Hasbro by 2.8% in the second quarter. CIBC Asset Management Inc now owns 17,699 shares of the company’s stock valued at $1,974,000 after acquiring an additional 489 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Hasbro by 9.3% in the second quarter. Bessemer Group Inc. now owns 6,329 shares of the company’s stock valued at $706,000 after acquiring an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

Shares of Hasbro, Inc. (NASDAQ:HAS) opened at $90.81 on Thursday. Hasbro, Inc. has a one year low of $77.20 and a one year high of $116.20. 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 company has a market cap of $11,348.26, a price-to-earnings ratio of 19.43, a PEG ratio of 1.82 and a beta of 0.86.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Monday, October 23rd. The company reported $2.09 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. research analysts predict that Hasbro, Inc. will post 5 EPS for the current fiscal year.

Several equities research analysts have weighed in on HAS shares. Wells Fargo & Company restated a “market perform” rating and issued a $95.00 target price (down from $100.00) on shares of Hasbro in a research note on Tuesday, October 24th. Jefferies Group restated a “buy” rating and issued a $125.00 target price on shares of Hasbro in a research note on Thursday, August 31st. BidaskClub downgraded shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Wednesday. DA Davidson set a $124.00 target price on shares of Hasbro and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $105.99.

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About Hasbro

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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