Renaissance Technologies LLC Sells 1,146,400 Shares of Hasbro, Inc. (HAS)

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Renaissance Technologies LLC trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 99.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the company’s stock after selling 1,146,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Hasbro were worth $277,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HAS. Principal Financial Group Inc. increased its stake in Hasbro by 1.9% during the first quarter. Principal Financial Group Inc. now owns 3,292,366 shares of the company’s stock worth $277,546,000 after acquiring an additional 61,893 shares during the last quarter. DnB Asset Management AS increased its stake in Hasbro by 7.8% during the second quarter. DnB Asset Management AS now owns 13,888 shares of the company’s stock worth $1,282,000 after acquiring an additional 1,000 shares during the last quarter. IFM Investors Pty Ltd increased its stake in Hasbro by 50.8% during the second quarter. IFM Investors Pty Ltd now owns 5,242 shares of the company’s stock worth $484,000 after acquiring an additional 1,767 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Hasbro by 10.2% during the second quarter. Xact Kapitalforvaltning AB now owns 31,817 shares of the company’s stock worth $2,937,000 after acquiring an additional 2,953 shares during the last quarter. Finally, BLB&B Advisors LLC increased its stake in Hasbro by 25.7% during the second quarter. BLB&B Advisors LLC now owns 3,299 shares of the company’s stock worth $305,000 after acquiring an additional 675 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on HAS. Stifel Nicolaus raised their target price on Hasbro from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. DA Davidson lifted their price objective on Hasbro to $124.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. B. Riley lifted their price objective on Hasbro from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $120.00 price objective on Hasbro and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, KeyCorp lifted their price objective on Hasbro from $105.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.33.

In related news, EVP Wiebe Tinga sold 6,000 shares of Hasbro stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $99.80, for a total value of $598,800.00. Following the completion of the transaction, the executive vice president now directly owns 44,559 shares in the company, valued at $4,446,988.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John Frascotti sold 20,500 shares of Hasbro stock in a transaction on 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 of the company’s stock, valued at $12,444,306. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,971 shares of company stock valued at $8,296,408. 9.90% of the stock is currently owned by company insiders.

Shares of NASDAQ HAS opened at $97.32 on Friday. Hasbro, Inc. has a twelve month low of $79.00 and a twelve month high of $109.60. 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 firm has a market capitalization of $12.70 billion, a PE ratio of 17.82, a PEG ratio of 2.03 and a beta of 0.96.

Hasbro (NASDAQ:HAS) last released its 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 company’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.09 earnings per share. As a group, research analysts anticipate that Hasbro, Inc. will post 4.25 EPS for the current year.

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Hasbro Company Profile

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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