Anchor Capital Advisors LLC Trims Stake in Hasbro, Inc. (HAS)

Anchor Capital Advisors LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 446,269 shares of the company’s stock after selling 4,438 shares during the quarter. Hasbro comprises 1.7% of Anchor Capital Advisors LLC’s holdings, making the stock its 11th biggest position. Anchor Capital Advisors LLC’s holdings in Hasbro were worth $46,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Janus Henderson Group PLC boosted its position in shares of Hasbro by 30.1% in the second quarter. Janus Henderson Group PLC now owns 3,192,490 shares of the company’s stock worth $294,698,000 after buying an additional 738,949 shares during the period. Unigestion Holding SA acquired a new stake in shares of Hasbro in the second quarter worth $48,926,000. Boston Partners boosted its position in shares of Hasbro by 23.5% in the second quarter. Boston Partners now owns 2,238,101 shares of the company’s stock worth $206,600,000 after buying an additional 426,060 shares during the period. Macquarie Group Ltd. boosted its position in shares of Hasbro by 597.0% in the second quarter. Macquarie Group Ltd. now owns 462,192 shares of the company’s stock worth $42,665,000 after buying an additional 395,885 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Hasbro in the second quarter worth $26,898,000. 80.12% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Brian Goldner bought 11,000 shares of the business’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $91.80 per share, for a total transaction of $1,009,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tarrant L. Sibley sold 1,525 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total value of $152,500.00. Following the transaction, the senior vice president now owns 21,262 shares in the company, valued at $2,126,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,971 shares of company stock valued at $7,697,608. 9.90% of the stock is owned by corporate insiders.

Shares of NASDAQ:HAS opened at $91.71 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.41 and a debt-to-equity ratio of 0.90. Hasbro, Inc. has a 1 year low of $79.00 and a 1 year high of $109.60. The firm has a market cap of $11.66 billion, a P/E ratio of 16.80, a PEG ratio of 1.85 and a beta of 0.89.

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

Several analysts have recently commented on the company. B. Riley raised their target price on Hasbro from $106.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Barclays raised their target price on Hasbro from $100.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 24th. Stifel Nicolaus raised their target price on Hasbro from $93.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, July 10th. Consumer Edge assumed coverage on Hasbro in a research report on Monday, August 13th. They issued an “outperform” rating and a $79.00 target price for the company. Finally, BMO Capital Markets raised their target price on Hasbro from $75.00 to $85.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $105.33.

About Hasbro

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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