Hasbro, Inc. (NASDAQ:HAS) Shares Bought by Cardinal Capital Management

Cardinal Capital Management increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,304 shares of the company’s stock after purchasing an additional 12,650 shares during the quarter. Cardinal Capital Management’s holdings in Hasbro were worth $4,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in Hasbro by 27.0% in the fourth quarter. Capital Research Global Investors now owns 15,381,255 shares of the company’s stock worth $785,367,000 after purchasing an additional 3,273,563 shares during the period. Norges Bank bought a new position in shares of Hasbro during the 4th quarter valued at about $70,544,000. Ameriprise Financial Inc. raised its holdings in shares of Hasbro by 176.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock worth $86,763,000 after purchasing an additional 836,474 shares in the last quarter. Cooke & Bieler LP lifted its stake in Hasbro by 31.6% during the fourth quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after purchasing an additional 765,898 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Hasbro by 39.7% during the third quarter. Deutsche Bank AG now owns 1,255,702 shares of the company’s stock worth $83,052,000 after buying an additional 356,718 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.

Hasbro Stock Up 0.2 %

Shares of Hasbro stock traded up $0.13 on Thursday, hitting $58.16. 1,040,829 shares of the company traded hands, compared to its average volume of 1,807,652. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. Hasbro, Inc. has a 12-month low of $42.66 and a 12-month high of $73.57. The company has a 50-day moving average price of $60.23 and a 200 day moving average price of $54.62. The company has a market cap of $8.10 billion, a PE ratio of -5.72, a PEG ratio of 0.61 and a beta of 0.65.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.34. The company had revenue of $757.30 million for 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%. The business’s revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Sell-side analysts predict that Hasbro, Inc. will post 3.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HAS shares. Jefferies Financial Group increased their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $74.00 in a research note on Thursday, May 23rd. Roth Mkm upped their price objective on shares of Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, DA Davidson lifted their price objective on shares of Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Buying and Selling

In other news, EVP Tarrant L. Sibley sold 13,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total transaction of $783,380.00. Following the transaction, the executive vice president now owns 53,003 shares in the company, valued at approximately $3,193,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Profile

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.