Stevens Capital Management LP Invests $2.45 Million in Hasbro, Inc. (HAS)

Stevens Capital Management LP acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 23,333 shares of the company’s stock, valued at approximately $2,453,000.

Several other institutional investors have also made changes to their positions in the company. Alps Advisors Inc. bought a new stake in shares of Hasbro in the 2nd quarter worth approximately $451,000. Eqis Capital Management Inc. lifted its holdings in shares of Hasbro by 10.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 7,209 shares of the company’s stock worth $665,000 after purchasing an additional 680 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Hasbro by 11.8% in the 2nd quarter. Aperio Group LLC now owns 91,220 shares of the company’s stock worth $8,420,000 after purchasing an additional 9,657 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hasbro by 9.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 55,790 shares of the company’s stock worth $5,150,000 after purchasing an additional 4,809 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Hasbro by 12.9% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,410 shares of the company’s stock worth $776,000 after purchasing an additional 964 shares during the last quarter. 86.20% of the stock is owned by institutional investors.

In other news, CEO Brian Goldner purchased 11,000 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan G. Hassenfeld sold 400,000 shares of Hasbro stock in a transaction on Friday, November 16th. The shares were sold at an average price of $97.41, for a total value of $38,964,000.00. Following the transaction, the director now owns 30,945 shares in the company, valued at $3,014,352.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 713,570 shares of company stock worth $69,562,482. 9.90% of the stock is owned by insiders.

Several analysts recently issued reports on the company. BidaskClub raised Hasbro from a “hold” rating to a “buy” rating in a report on Saturday, September 15th. Zacks Investment Research cut Hasbro from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Stifel Nicolaus raised their target price on Hasbro from $100.00 to $106.00 and gave the company a “hold” rating in a research report on Friday, October 5th. Citigroup raised their target price on Hasbro from $101.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, KeyCorp raised their target price on Hasbro from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $105.33.

HAS opened at $91.00 on Monday. Hasbro, Inc. has a 12 month low of $79.00 and a 12 month high of $109.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.95 and a current ratio of 2.41. The company has a market capitalization of $11.51 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.84 and a beta of 0.95.

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

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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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