102,427 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new position in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 102,427 shares of the company’s stock, valued at approximately $5,727,000.

Several other institutional investors and hedge funds have also bought and sold shares of HAS. Mizuho Securities USA LLC grew its position in 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 during the last quarter. Samlyn Capital LLC grew its position in Hasbro by 87.4% during the 2nd quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company’s stock worth $107,252,000 after acquiring an additional 855,099 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Hasbro by 469.4% in the 2nd quarter. AQR Capital Management LLC now owns 686,144 shares of the company’s stock worth $40,037,000 after buying an additional 565,645 shares during the period. Smith Group Asset Management LLC purchased a new stake in Hasbro in the 3rd quarter worth approximately $32,032,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Hasbro in the 3rd quarter worth approximately $18,163,000. 91.83% of the stock is currently owned by institutional investors.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

Hasbro Trading Down 0.7 %

HAS opened at $57.34 on Tuesday. The stock has a market cap of $8.00 billion, a PE ratio of -12.36, a PEG ratio of 0.47 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The business has a 50 day moving average of $60.54 and a 200-day moving average of $64.40. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46.

Hasbro (NASDAQ:HAS) last released its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business posted $1.64 EPS. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts predict that Hasbro, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HAS has been the subject of several research analyst reports. JPMorgan Chase & Co. increased 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. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group increased their price objective on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson increased their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

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.