Bank of Nova Scotia Purchases 4,160 Shares of Hasbro, Inc. (NASDAQ:HAS)

Bank of Nova Scotia lifted its position in Hasbro, Inc. (NASDAQ:HASFree Report) by 31.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,197 shares of the company’s stock after purchasing an additional 4,160 shares during the quarter. Bank of Nova Scotia’s holdings in Hasbro were worth $878,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UBS Group AG increased its holdings in shares of Hasbro by 43.1% in the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock worth $16,833,000 after purchasing an additional 99,263 shares during the last quarter. CWM LLC increased its holdings in shares of Hasbro by 37.1% in the fourth quarter. CWM LLC now owns 1,910 shares of the company’s stock worth $97,000 after purchasing an additional 517 shares during the last quarter. Norges Bank bought a new stake in shares of Hasbro in the fourth quarter worth about $70,544,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Hasbro by 1.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock worth $67,756,000 after purchasing an additional 22,688 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Hasbro in the third quarter worth about $1,250,000. 91.83% of the stock is owned by institutional investors.

Hasbro Stock Up 0.1 %

Hasbro stock opened at $58.45 on Friday. The business has a fifty day moving average of $59.28 and a two-hundred day moving average of $53.42. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The firm has a market cap of $8.14 billion, a P/E ratio of -5.76, a P/E/G ratio of 0.94 and a beta of 0.65. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HASGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. Hasbro’s revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. On average, analysts forecast that Hasbro, Inc. will post 3.66 earnings per share for the current fiscal year.

Insider Transactions at Hasbro

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the transaction, the executive vice president now directly owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the topic of several analyst reports. DA Davidson boosted their price objective on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Morgan Stanley reissued an “overweight” rating and set a $77.00 price objective on shares of Hasbro in a research note on Monday, May 20th. Monness Crespi & Hardt boosted their price objective on Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Roth Mkm boosted their price objective on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $68.17.

Read Our Latest Stock Analysis on Hasbro

Hasbro Company Profile

(Free Report)

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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