Pictet Asset Management Ltd. Reduces Position in Hasbro, Inc. (NASDAQ:HAS)

Pictet Asset Management Ltd. decreased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,146 shares of the company’s stock after selling 2,400 shares during the period. Pictet Asset Management Ltd.’s holdings in Hasbro were worth $7,020,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HAS. Balyasny Asset Management LLC acquired a new position in Hasbro in the 2nd quarter valued at about $32,243,000. Worldquant Millennium Advisors LLC lifted its holdings in Hasbro by 16.7% in the second quarter. Worldquant Millennium Advisors LLC now owns 44,881 shares of the company’s stock valued at $4,743,000 after acquiring an additional 6,421 shares during the last quarter. Columbus Circle Investors acquired a new position in Hasbro in the third quarter valued at approximately $10,346,000. Veritas Investment Management LLP grew its position in Hasbro by 2.4% in the third quarter. Veritas Investment Management LLP now owns 437,880 shares of the company’s stock worth $51,981,000 after acquiring an additional 10,065 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in Hasbro in the third quarter worth approximately $1,195,000. Institutional investors own 85.42% of the company’s stock.

Shares of NASDAQ:HAS opened at $99.23 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.33 and a quick ratio of 1.93. The firm has a market capitalization of $12.53 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05. The firm’s 50-day moving average is $101.15 and its two-hundred day moving average is $108.27. Hasbro, Inc. has a 1 year low of $76.84 and a 1 year high of $126.87.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.38). Hasbro had a net margin of 5.59% and a return on equity of 30.40%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $1.93 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 3.81 EPS for the current fiscal year.

HAS has been the topic of a number of research analyst reports. KeyCorp reduced their target price on Hasbro from $135.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. BidaskClub upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a report on Saturday. UBS Group raised Hasbro from a “neutral” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Monday, November 25th. DA Davidson restated a “buy” rating on shares of Hasbro in a report on Friday, August 23rd. Finally, SunTrust Banks decreased their target price on shares of Hasbro from $118.00 to $102.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $119.21.

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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