Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Parametric Portfolio Associates LLC

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Parametric Portfolio Associates LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 309,531 shares of the company’s stock after buying an additional 25,069 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Hasbro were worth $36,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HAS. Vanguard Group Inc. grew its position in Hasbro by 3.9% during the second quarter. Vanguard Group Inc. now owns 14,129,588 shares of the company’s stock valued at $1,493,216,000 after buying an additional 533,737 shares during the period. BlackRock Inc. grew its position in shares of Hasbro by 13.1% during the 2nd quarter. BlackRock Inc. now owns 9,553,688 shares of the company’s stock valued at $1,009,635,000 after acquiring an additional 1,106,949 shares during the period. Janus Henderson Group PLC grew its position in shares of Hasbro by 3.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,397,826 shares of the company’s stock valued at $359,079,000 after acquiring an additional 116,716 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hasbro by 3.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 891,638 shares of the company’s stock valued at $94,229,000 after purchasing an additional 32,620 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Hasbro by 20.6% in the 2nd quarter. California Public Employees Retirement System now owns 857,271 shares of the company’s stock valued at $90,596,000 after purchasing an additional 146,149 shares in the last quarter. Hedge funds and other institutional investors own 85.42% of the company’s stock.

HAS stock opened at $100.49 on Tuesday. Hasbro, Inc. has a 12-month low of $76.84 and a 12-month high of $126.87. The business’s 50-day moving average is $101.59 and its 200 day moving average is $108.26. The company has a current ratio of 2.33, a quick ratio of 1.93 and a debt-to-equity ratio of 0.92. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.43 and a beta of 1.05.

Hasbro (NASDAQ:HAS) last released its earnings results on Tuesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.38). The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Hasbro had a net margin of 5.59% and a return on equity of 30.40%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $1.93 EPS. As a group, equities analysts forecast that Hasbro, Inc. will post 3.81 EPS for the current fiscal year.

A number of equities analysts have issued reports on HAS shares. UBS Group upgraded Hasbro from a “neutral” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, November 25th. Stifel Nicolaus raised their price objective on Hasbro from $110.00 to $111.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. BMO Capital Markets cut their price objective on Hasbro from $105.00 to $90.00 and set a “market perform” rating for the company in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. DA Davidson reaffirmed a “buy” rating on shares of Hasbro in a research note on Friday, August 23rd. Finally, BidaskClub raised Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $119.21.

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.

See Also: Consumer Price Index (CPI)

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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