Pacer Advisors Inc. Raises Holdings in Hasbro, Inc. (NASDAQ:HAS)

Pacer Advisors Inc. boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 28,552.6% in the 4th quarter, Holdings Channel reports. The fund owned 2,789,613 shares of the company’s stock after buying an additional 2,779,877 shares during the period. Pacer Advisors Inc.’s holdings in Hasbro were worth $155,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Mizuho Securities USA LLC boosted its stake in shares of Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after acquiring an additional 989,906 shares in the last quarter. AQR Capital Management LLC boosted its position in Hasbro by 469.4% during the second quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after purchasing an additional 565,645 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Hasbro during the third quarter worth approximately $32,032,000. GW Henssler & Associates Ltd. acquired a new stake in Hasbro in the third quarter valued at approximately $18,163,000. Finally, Moran Wealth Management LLC purchased a new stake in shares of Hasbro in the third quarter valued at approximately $8,864,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group boosted their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DA Davidson upped their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their target price on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Stock Down 0.2 %

HAS opened at $57.42 on Monday. The company’s 50 day simple moving average is $59.97 and its two-hundred day simple moving average is $64.38. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. Research analysts anticipate that Hasbro, Inc. will post 3.85 earnings per share for the current year.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.82% of the company’s stock.

About Hasbro

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.