Hasbro, Inc. (NASDAQ:HAS) Stake Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 62.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,109 shares of the company's stock after purchasing an additional 4,633 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Hasbro were worth $745,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HAS. Parvin Asset Management LLC purchased a new position in shares of Hasbro during the 4th quarter worth about $25,000. Sentry Investment Management LLC purchased a new position in shares of Hasbro during the 1st quarter worth about $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after acquiring an additional 269 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in shares of Hasbro by 32.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock worth $41,000 after acquiring an additional 178 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Hasbro during the 4th quarter worth about $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Hasbro Stock Performance

Hasbro stock traded up $0.62 during mid-day trading on Friday, reaching $77.81. The company's stock had a trading volume of 1,836,696 shares, compared to its average volume of 1,749,772. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.13 and a beta of 0.59. The business has a 50 day moving average price of $70.39 and a 200-day moving average price of $63.05. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $78.83.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. The firm had revenue of $887.10 million during the quarter, compared to the consensus estimate of $770.60 million. Hasbro had a net margin of 9.99% and a return on equity of 51.39%. The firm's revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Sell-side analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup restated a "buy" rating and issued a $79.00 price target (up previously from $72.00) on shares of Hasbro in a report on Monday, June 16th. The Goldman Sachs Group upgraded shares of Hasbro from a "neutral" rating to a "buy" rating and raised their price target for the company from $66.00 to $85.00 in a report on Monday, June 30th. Morgan Stanley raised their price target on shares of Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Monness Crespi & Hardt upgraded shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, DA Davidson restated a "neutral" rating and issued a $75.00 price target on shares of Hasbro in a report on Thursday, May 15th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $81.11.

About Hasbro

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.