M&G Plc Invests $11.95 Million in Hasbro, Inc. (NASDAQ:HAS)

M&G Plc bought a new position in Hasbro, Inc. (NASDAQ:HAS) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 209,635 shares of the company’s stock, valued at approximately $11,949,000. M&G Plc owned approximately 0.15% of Hasbro as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Lindbrook Capital LLC boosted its position in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after purchasing an additional 167 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock valued at $28,000 after acquiring an additional 408 shares during the period. Optiver Holding B.V. bought a new stake in Hasbro in the 4th quarter valued at about $36,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Hasbro by 118.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock valued at $43,000 after acquiring an additional 456 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Hasbro during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Price Performance

HAS traded down $1.26 during midday trading on Friday, hitting $59.00. The stock had a trading volume of 1,253,736 shares, compared to its average volume of 1,419,420. The business has a fifty day moving average of $59.51 and a 200 day moving average of $55.57. 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 1 year low of $42.66 and a 1 year high of $73.57.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. The business had revenue of $757.30 million during 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%. Hasbro’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Equities research analysts forecast that Hasbro, Inc. will post 3.75 EPS for the current year.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the completion of the sale, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HAS. DA Davidson upped their price target on Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, April 15th. StockNews.com raised Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Finally, UBS Group boosted their price objective on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Hasbro Company 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.