IFM Investors Pty Ltd Raises Holdings in Hasbro, Inc. (HAS)

IFM Investors Pty Ltd raised its position in Hasbro, Inc. (NASDAQ:HAS) by 16.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,096 shares of the company’s stock after buying an additional 854 shares during the quarter. IFM Investors Pty Ltd’s holdings in Hasbro were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Hasbro during the second quarter worth approximately $136,000. Cerebellum GP LLC purchased a new stake in shares of Hasbro during the second quarter worth approximately $165,000. CenterStar Asset Management LLC raised its stake in shares of Hasbro by 98.7% during the second quarter. CenterStar Asset Management LLC now owns 1,987 shares of the company’s stock worth $183,000 after purchasing an additional 987 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Hasbro during the first quarter worth approximately $206,000. Finally, Osborn Williams & Donohoe LLC purchased a new stake in shares of Hasbro during the third quarter worth approximately $207,000. Institutional investors own 80.12% of the company’s stock.

Hasbro stock opened at $91.84 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.87 and a beta of 0.89. Hasbro, Inc. has a fifty-two week low of $79.00 and a fifty-two week high of $109.60.

Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.71 billion. Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. Equities analysts predict that Hasbro, Inc. will post 4.25 EPS for the current year.

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their price target on Hasbro from $94.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. DA Davidson upped their price target on Hasbro to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. B. Riley upped their price objective on Hasbro from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $120.00 price objective on Hasbro and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, Monness Crespi & Hardt lowered Hasbro from a “buy” rating to a “neutral” rating in a report on Tuesday, July 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $105.33.

In other Hasbro news, COO John Frascotti sold 20,500 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $102.00, for a total value of $2,091,000.00. Following the sale, the chief operating officer now owns 122,003 shares of the company’s stock, valued at $12,444,306. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Deborah Thomas sold 19,683 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $100.83, for a total value of $1,984,636.89. Following the completion of the sale, the chief financial officer now directly owns 97,083 shares in the company, valued at approximately $9,788,878.89. The disclosure for this sale can be found here. Insiders sold 75,971 shares of company stock worth $7,697,608 in the last three months. 9.90% of the stock is owned by corporate insiders.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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