Universal Beteiligungs und Servicegesellschaft mbH Sells 11,951 Shares of Hasbro, Inc. $HAS

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Hasbro, Inc. (NASDAQ:HASFree Report) by 9.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,698 shares of the company’s stock after selling 11,951 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Hasbro worth $8,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in Hasbro during the second quarter valued at approximately $25,000. MUFG Securities EMEA plc purchased a new position in Hasbro in the second quarter worth $28,000. First Horizon Corp acquired a new position in shares of Hasbro during the third quarter worth $29,000. Pittenger & Anderson Inc. acquired a new position in shares of Hasbro during the second quarter worth $35,000. Finally, Mather Group LLC. purchased a new stake in shares of Hasbro during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro News Summary

Here are the key news stories impacting Hasbro this week:

Analyst Ratings Changes

Several brokerages recently weighed in on HAS. Roth Mkm set a $96.00 target price on Hasbro and gave the stock a “buy” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Bank of America upped their price objective on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, September 29th. Jefferies Financial Group increased their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 29th. Finally, Citigroup lifted their target price on shares of Hasbro from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and a consensus price target of $93.00.

Get Our Latest Stock Report on HAS

Hasbro Trading Down 0.1%

Shares of NASDAQ:HAS opened at $88.68 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $89.20. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of -22.11, a PEG ratio of 1.59 and a beta of 0.55. The business has a 50-day moving average price of $82.91 and a 200-day moving average price of $79.12.

Hasbro (NASDAQ:HASGet Free Report) last issued its earnings results on Thursday, October 23rd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm earned $1.73 earnings per share. Hasbro’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current year.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $77.24, for a total transaction of $308,960.00. Following the completion of the transaction, the director owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by insiders.

Hasbro Profile

(Free Report)

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.

Further Reading

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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