Cooke & Bieler LP Sells 24,935 Shares of Hasbro, Inc. (NASDAQ:HAS)

Cooke & Bieler LP cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,165,659 shares of the company's stock after selling 24,935 shares during the period. Cooke & Bieler LP owned approximately 1.55% of Hasbro worth $133,166,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HAS. Parvin Asset Management LLC acquired a new position in Hasbro in the fourth quarter valued at about $25,000. Sentry Investment Management LLC bought a new stake in shares of Hasbro in the first quarter valued at about $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after purchasing an additional 269 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Hasbro by 32.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 733 shares of the company's stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Hasbro in the fourth quarter valued at about $43,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HAS shares. Bank of America upped their target price on Hasbro from $85.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley boosted their price target on Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Wall Street Zen raised Hasbro from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and upped their target price for the company from $66.00 to $85.00 in a research report on Monday, June 30th. Finally, Monness Crespi & Hardt raised Hasbro to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $81.11.

Hasbro Price Performance

Shares of HAS traded up $1.27 during trading hours on Thursday, reaching $77.19. The stock had a trading volume of 1,990,178 shares, compared to its average volume of 1,744,596. The stock has a market capitalization of $10.82 billion, a PE ratio of 25.48, a PEG ratio of 2.09 and a beta of 0.59. The company has a debt-to-equity ratio of 2.78, a quick ratio of 1.40 and a current ratio of 1.65. Hasbro, Inc. has a 12 month low of $49.00 and a 12 month high of $78.83. The company's 50-day moving average is $69.75 and its two-hundred day moving average is $62.71.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share 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 return on equity of 51.39% and a net margin of 9.99%. The business's revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Hasbro Company 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.