Royal London Asset Management Ltd. Grows Position in Hasbro, Inc. (NASDAQ:HAS)

Royal London Asset Management Ltd. grew its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,423 shares of the company’s stock after buying an additional 2,391 shares during the period. Royal London Asset Management Ltd.’s holdings in Hasbro were worth $2,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Neo Ivy Capital Management acquired a new stake in shares of Hasbro in the fourth quarter valued at approximately $45,000. V Square Quantitative Management LLC increased its stake in shares of Hasbro by 49.4% in the 4th quarter. V Square Quantitative Management LLC now owns 5,831 shares of the company’s stock worth $298,000 after acquiring an additional 1,928 shares during the last quarter. Clearfield Capital Management LP purchased a new position in shares of Hasbro during the 4th quarter worth $4,105,000. Redwood Investment Management LLC boosted its position in shares of Hasbro by 50.3% during the 4th quarter. Redwood Investment Management LLC now owns 41,525 shares of the company’s stock valued at $2,120,000 after acquiring an additional 13,892 shares during the last quarter. Finally, Dean Capital Management purchased a new stake in shares of Hasbro in the fourth quarter valued at about $767,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hasbro 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 directly owns 53,003 shares of the company’s stock, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $77.00 target price on shares of Hasbro in a research note on Monday, May 20th. Finally, StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Hasbro Stock Performance

Shares of NASDAQ HAS traded up $3.48 during midday trading on Friday, hitting $61.50. 4,205,092 shares of the company’s stock were exchanged, compared to its average volume of 2,174,080. The firm’s fifty day simple moving average is $59.58 and its 200-day simple moving average is $53.94. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93.

Hasbro (NASDAQ:HAS) last posted its earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.34. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same period last year, the firm posted $0.01 EPS. The company’s revenue was down 24.3% on a year-over-year basis. On average, sell-side analysts anticipate that Hasbro, Inc. will post 3.66 EPS for the current fiscal year.

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.