Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Hasbro, Inc. (NASDAQ:HAS) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,412 shares of the company’s stock after selling 1,087 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hasbro were worth $2,776,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. acquired a new stake in Hasbro in the 2nd quarter valued at $451,000. Eqis Capital Management Inc. increased its stake in Hasbro by 10.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 7,209 shares of the company’s stock valued at $665,000 after buying an additional 680 shares during the last quarter. Aperio Group LLC increased its stake in Hasbro by 11.8% in the 2nd quarter. Aperio Group LLC now owns 91,220 shares of the company’s stock valued at $8,420,000 after buying an additional 9,657 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Hasbro by 9.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 55,790 shares of the company’s stock valued at $5,150,000 after buying an additional 4,809 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Hasbro by 12.9% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,410 shares of the company’s stock valued at $776,000 after buying an additional 964 shares during the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.
HAS has been the topic of several recent research reports. BidaskClub upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. MKM Partners raised shares of Hasbro from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $92.00 to $115.00 in a research report on Wednesday, August 15th. Citigroup lifted their price objective on shares of Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Argus decreased their price objective on shares of Hasbro from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Finally, ValuEngine raised shares of Hasbro from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Two equities 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. Hasbro currently has an average rating of “Hold” and an average target price of $105.33.
Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 22nd. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.30). Hasbro had a net margin of 4.31% and a return on equity of 34.61%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the business earned $2.09 EPS. The business’s revenue was down 12.4% on a year-over-year basis. On average, research analysts forecast that Hasbro, Inc. will post 4.25 earnings per share for the current fiscal year.
In related news, Director Alan G. Hassenfeld sold 302,220 shares of Hasbro stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $97.54, for a total transaction of $29,478,538.80. Following the completion of the sale, the director now owns 30,945 shares of the company’s stock, valued at approximately $3,018,375.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Goldner bought 11,000 shares of Hasbro stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average cost of $91.80 per share, with a total value of $1,009,800.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 713,570 shares of company stock valued at $69,562,482. Insiders own 9.90% of the company’s stock.
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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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