Massachusetts Financial Services Co. MA Has $40.52 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Massachusetts Financial Services Co. MA cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 658,927 shares of the company's stock after selling 452,307 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.47% of Hasbro worth $40,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Hasbro by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock worth $914,599,000 after purchasing an additional 404,527 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after buying an additional 59,794 shares during the period. Kovitz Investment Group Partners LLC grew its stake in shares of Hasbro by 313.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after buying an additional 2,427,299 shares during the period. Invesco Ltd. grew its stake in shares of Hasbro by 28.5% in the 4th quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock valued at $176,649,000 after buying an additional 701,660 shares during the period. Finally, Marshall Wace LLP lifted its position in Hasbro by 23.7% in the 4th quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock valued at $147,791,000 after acquiring an additional 507,054 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HAS. Wall Street Zen raised shares of Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Citigroup reissued a "buy" rating and issued a $79.00 price objective (up from $72.00) on shares of Hasbro in a research report on Monday, June 16th. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. DA Davidson restated a "neutral" rating and set a $75.00 price objective on shares of Hasbro in a research report on Thursday, May 15th. Finally, Morgan Stanley boosted their price objective on shares of Hasbro from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. One investment 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's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $81.11.

Hasbro Stock Up 1.7%

Shares of NASDAQ:HAS opened at $77.19 on Friday. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.09 and a beta of 0.59. The stock has a fifty day simple moving average of $70.06 and a two-hundred day simple moving average of $62.85. Hasbro, Inc. has a 12-month low of $49.00 and a 12-month high of $78.83. 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 (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The company had revenue of $887.10 million for the quarter, compared to analysts' expectations of $770.60 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Hasbro's revenue was up 17.1% compared to the same quarter last year. On average, research analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.