Candriam Luxembourg S.C.A. Takes $994,000 Position in Hasbro, Inc. (HAS)

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Candriam Luxembourg S.C.A. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, HoldingsChannel reports. The fund acquired 11,690 shares of the company’s stock, valued at approximately $994,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Hasbro by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 195,337 shares of the company’s stock valued at $15,871,000 after acquiring an additional 2,652 shares in the last quarter. First Hawaiian Bank boosted its stake in Hasbro by 2.4% in the fourth quarter. First Hawaiian Bank now owns 7,124 shares of the company’s stock valued at $579,000 after acquiring an additional 165 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Hasbro by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 2,299,978 shares of the company’s stock valued at $241,773,000 after acquiring an additional 701,535 shares in the last quarter. BTIM Corp. boosted its stake in Hasbro by 28.6% in the fourth quarter. BTIM Corp. now owns 35,114 shares of the company’s stock valued at $2,853,000 after acquiring an additional 7,800 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Hasbro by 4.5% in the fourth quarter. BlackRock Inc. now owns 8,343,804 shares of the company’s stock valued at $677,935,000 after acquiring an additional 356,569 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.

In other news, EVP Dolph Johnson sold 17,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $102.20, for a total value of $1,737,400.00. Following the completion of the sale, the executive vice president now directly owns 45,338 shares of the company’s stock, valued at $4,633,543.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $105.00, for a total transaction of $387,135.00. Following the completion of the sale, the executive vice president now directly owns 20,795 shares of the company’s stock, valued at $2,183,475. The disclosure for this sale can be found here. Insiders sold 346,056 shares of company stock valued at $35,488,019 over the last ninety days. Corporate insiders own 9.30% of the company’s stock.

Shares of NASDAQ:HAS opened at $97.40 on Thursday. Hasbro, Inc. has a one year low of $76.84 and a one year high of $109.60. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.77 and a quick ratio of 2.26. The stock has a market capitalization of $12.08 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98.

Hasbro (NASDAQ:HAS) last announced its earnings results on Tuesday, April 23rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.29. Hasbro had a net margin of 7.83% and a return on equity of 28.50%. The business had revenue of $732.51 million during the quarter, compared to analysts’ expectations of $665.96 million. During the same period in the prior year, the company earned $0.10 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.52 EPS for the current year.

HAS has been the subject of several research analyst reports. BidaskClub downgraded shares of Hasbro from a “sell” rating to a “strong sell” rating in a research note on Friday, March 15th. ValuEngine downgraded shares of Hasbro from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. MKM Partners decreased their price objective on shares of Hasbro to $102.00 and set a “buy” rating for the company in a research note on Friday, January 18th. KeyCorp set a $110.00 price objective on shares of Hasbro and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, BMO Capital Markets decreased their price objective on shares of Hasbro from $76.00 to $75.00 and set an “underperform” rating for the company in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $106.07.

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Hasbro 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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