Toronto Dominion Bank Acquires 5,017 Shares of Hasbro, Inc. (HAS)

Toronto Dominion Bank raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,121 shares of the company’s stock after purchasing an additional 5,017 shares during the quarter. Toronto Dominion Bank’s holdings in Hasbro were worth $4,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS increased its position in shares of Hasbro by 0.3% during the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock valued at $410,000 after buying an additional 10 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Hasbro by 2.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the period. Cypress Capital Group increased its position in shares of Hasbro by 2.5% during the second quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock valued at $249,000 after buying an additional 55 shares during the period. Boston Advisors LLC increased its position in shares of Hasbro by 2.8% during the second quarter. Boston Advisors LLC now owns 2,210 shares of the company’s stock valued at $246,000 after buying an additional 60 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Hasbro by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,358 shares of the company’s stock valued at $932,000 after buying an additional 60 shares during the period. 79.27% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Thursday, September 14th. DA Davidson reiterated a “buy” rating and set a $124.00 price target (up from $121.00) on shares of Hasbro in a research report on Tuesday, October 24th. UBS AG set a $104.00 price target on Hasbro and gave the company a “hold” rating in a research report on Monday, November 13th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $102.00 price target on shares of Hasbro in a research report on Thursday, October 12th. Finally, KeyCorp reiterated a “buy” rating and set a $105.00 price target on shares of Hasbro in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Hasbro currently has a consensus rating of “Hold” and a consensus price target of $106.69.

In other news, President John Frascotti sold 25,658 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $94.81, for a total transaction of $2,432,634.98. Following the completion of the sale, the president now owns 105,615 shares of the company’s stock, valued at $10,013,358.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Davis sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.57, for a total value of $146,355.00. Following the sale, the executive vice president now directly owns 39,125 shares of the company’s stock, valued at approximately $3,817,426.25. The disclosure for this sale can be found here. Insiders have sold 455,730 shares of company stock worth $43,584,309 over the last quarter. Company insiders own 11.00% of the company’s stock.

Hasbro, Inc. (NASDAQ:HAS) opened at $95.89 on Monday. Hasbro, Inc. has a 52-week low of $77.20 and a 52-week high of $116.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. The company has a market cap of $11,943.64, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.92 and a beta of 0.87.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 23rd. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.15. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.03 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. equities research analysts predict that Hasbro, Inc. will post 5 EPS for the current fiscal year.

About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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