Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,257 shares of the company’s stock after purchasing an additional 899 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Hasbro were worth $904,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its holdings in Hasbro by 7,100.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,080 shares of the company’s stock worth $105,000 after acquiring an additional 1,065 shares during the last quarter. YorkBridge Wealth Partners LLC raised its stake in Hasbro by 2.8% during the 2nd 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 last quarter. San Francisco Sentry Investment Group CA purchased a new stake in Hasbro during the 2nd quarter valued at $155,000. Highstreet Asset Management Inc. raised its stake in Hasbro by 105.2% during the 3rd quarter. Highstreet Asset Management Inc. now owns 1,584 shares of the company’s stock valued at $155,000 after buying an additional 812 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new stake in Hasbro during the 2nd quarter valued at $167,000. 79.83% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on HAS shares. Zacks Investment Research upgraded Hasbro from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, September 6th. Jefferies Group restated a “buy” rating and issued a $125.00 price objective on shares of Hasbro in a research note on Thursday, August 31st. BidaskClub lowered Hasbro from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Goldman Sachs Group restated a “buy” rating and issued a $118.00 price objective on shares of Hasbro in a research note on Monday, October 2nd. Finally, DA Davidson restated a “buy” rating and issued a $124.00 price objective (up from $121.00) on shares of Hasbro in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $105.99.
Hasbro (NASDAQ:HAS) last issued its earnings results on Monday, October 23rd. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.15. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. Hasbro had a net margin of 11.34% and a return on equity of 31.74%. Hasbro’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. analysts expect that Hasbro, Inc. will post 5 earnings per share for the current fiscal year.
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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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