Wedge Capital Management L L P NC Buys 9,892 Shares of Hasbro, Inc. (HAS)

Wedge Capital Management L L P NC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 323,523 shares of the company’s stock after purchasing an additional 9,892 shares during the quarter. Wedge Capital Management L L P NC owned about 0.26% of Hasbro worth $31,598,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS increased its holdings in shares of Hasbro by 0.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 3,675 shares of the company’s stock valued at $410,000 after purchasing an additional 10 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Hasbro by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,164 shares of the company’s stock valued at $129,000 after purchasing an additional 32 shares during the last quarter. Bollard Group LLC increased its holdings in shares of Hasbro by 0.6% in the second quarter. Bollard Group LLC now owns 7,090 shares of the company’s stock valued at $791,000 after purchasing an additional 40 shares during the last quarter. Cypress Capital Group increased its holdings in shares of Hasbro by 2.5% in the second quarter. Cypress Capital Group now owns 2,230 shares of the company’s stock valued at $249,000 after purchasing an additional 55 shares during the last quarter. Finally, Boston Advisors LLC increased its holdings in shares of Hasbro by 2.8% in the second quarter. Boston Advisors LLC now owns 2,210 shares of the company’s stock valued at $246,000 after purchasing an additional 60 shares during the last quarter. 78.13% of the stock is owned by hedge funds and other institutional investors.

In other Hasbro news, Director Alan G. Hassenfeld sold 276 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $99.52, for a total value of $27,467.52. Following the completion of the sale, the director now owns 29,140 shares in the company, valued at $2,900,012.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan G. Hassenfeld sold 152,341 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $100.50, for a total value of $15,310,270.50. Following the completion of the sale, the director now owns 29,140 shares of the company’s stock, valued at approximately $2,928,570. The disclosure for this sale can be found here. Insiders sold 608,347 shares of company stock valued at $58,922,047 in the last quarter. Corporate insiders own 11.00% of the company’s stock.

Several equities research analysts recently commented on HAS shares. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $95.00 price target (down previously from $100.00) on shares of Hasbro in a report on Tuesday, October 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research report on Thursday, August 31st. Zacks Investment Research lowered Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus lowered their price objective on Hasbro from $109.00 to $104.00 and set a “hold” rating for the company in a research report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $106.86.

Hasbro, Inc. (HAS) traded up $1.08 on Friday, hitting $90.69. The stock had a trading volume of 1,065,536 shares, compared to its average volume of 1,916,249. The stock has a market capitalization of $11,343.60, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.11 and a current ratio of 2.53. Hasbro, Inc. has a 1-year low of $77.20 and a 1-year high of $116.20.

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

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Hasbro Profile

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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