Blair William & Co. IL Sells 5,423 Shares of Hasbro, Inc. $HAS

Key Points

• Blair William & Co. IL reduced its position in Hasbro, Inc. by 27.3%, selling 5,423 shares during the 2nd quarter, with current holdings valued at $1,065,000.
• Several institutional investors, including Vanguard Group and Deutsche Bank, have increased their holdings in Hasbro, demonstrating strong interest with 91.83% of the stock owned by institutional investors.
• Hasbro reported $1.30 EPS for the quarter, exceeding estimates, while revenue was $980.80 million, down 1.5% from the previous year.

Blair William & Co. IL reduced its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,432 shares of the company's stock after selling 5,423 shares during the quarter. Blair William & Co. IL's holdings in Hasbro were worth $1,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hasbro by 0.6% in the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company's stock valued at $1,012,374,000 after acquiring an additional 105,624 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company's stock valued at $140,652,000 after acquiring an additional 227,477 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Hasbro by 7.4% in the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company's stock valued at $87,499,000 after acquiring an additional 98,425 shares in the last quarter. Deutsche Bank AG raised its holdings in Hasbro by 15.3% in the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company's stock worth $79,312,000 after purchasing an additional 170,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Hasbro by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company's stock worth $74,856,000 after purchasing an additional 27,547 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $74.13 on Thursday. The business's 50 day moving average price is $77.49 and its 200 day moving average price is $70.37. The firm has a market cap of $10.40 billion, a P/E ratio of -18.26, a P/E/G ratio of 0.94 and a beta of 0.60. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $82.19. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at approximately $3,607,873.44. This represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christian P. Cocks sold 27,800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer owned 249,861 shares in the company, valued at approximately $19,719,030.12. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,359 shares of company stock worth $2,970,828. Corporate insiders own 0.85% of the company's stock.

Wall Street Analyst Weigh In

HAS has been the subject of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Hasbro in a report on Wednesday, October 8th. Morgan Stanley boosted their target price on shares of Hasbro from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Zacks Research downgraded shares of Hasbro from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Bank of America boosted their target price on shares of Hasbro from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Hasbro currently has an average rating of "Moderate Buy" and a consensus target price of $87.64.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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