TD Asset Management Inc Increases Stock Holdings in Hasbro, Inc. $HAS

Key Points

• TD Asset Management Inc increased its stock holdings in Hasbro, Inc. by 20.8% in the second quarter, now owning approximately 164,260 shares valued at $12.1 million.
• Shares of Hasbro have seen a recent uptick, currently priced at $74.81, with a market capitalization of $10.49 billion and a 52-week price range of $49.00 to $82.19.
• The company's recent earnings report showed $1.30 EPS, exceeding estimates and illustrating a revenue of $980.8 million, despite a 1.5% year-over-year decline.

TD Asset Management Inc increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,260 shares of the company's stock after buying an additional 28,270 shares during the period. TD Asset Management Inc owned about 0.12% of Hasbro worth $12,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAS. SBI Securities Co. Ltd. lifted its position in shares of Hasbro by 130.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock valued at $29,000 after buying an additional 269 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Hasbro by 489.2% during the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company's stock valued at $48,000 after buying an additional 543 shares in the last quarter. Allworth Financial LP lifted its position in shares of Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company's stock valued at $56,000 after buying an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock valued at $64,000 after buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Hasbro by 299.0% during the 1st quarter. Blue Trust Inc. now owns 1,141 shares of the company's stock valued at $70,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Hasbro Stock Up 0.6%

Shares of HAS opened at $74.81 on Friday. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19. The company has a market capitalization of $10.49 billion, a PE ratio of -18.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60. The stock has a fifty day simple moving average of $77.38 and a two-hundred day simple moving average of $70.60. 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 issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $891.82 million. During the same period last year, the company earned $1.22 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts forecast that Hasbro, Inc. will post 4.33 EPS for the current year.

Wall Street Analyst Weigh In

HAS has been the topic of a number of recent analyst reports. DA Davidson increased their target price on Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. The Goldman Sachs Group raised Hasbro from a "neutral" rating to a "buy" rating and increased their price objective for the company from $66.00 to $85.00 in a research note on Monday, June 30th. Roth Capital increased their price objective on Hasbro from $86.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on Hasbro from $75.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America increased their price objective on Hasbro from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $87.64.

Insiders Place Their Bets

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total value of $79,969.62. Following the completion of the sale, the insider directly owned 51,301 shares of the company's stock, valued at $4,094,332.81. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm's stock in a transaction 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 completion of the sale, the insider directly owned 44,301 shares of the company's stock, valued at $3,607,873.44. This trade represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock valued at $2,970,828 in the last three months. 0.85% of the stock is currently owned by insiders.

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.

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