TD Waterhouse Canada Inc. Buys 78,348 Shares of Hasbro, Inc. $HAS

TD Waterhouse Canada Inc. increased its stake in Hasbro, Inc. (NASDAQ:HAS) by 4,246.5% during the third quarter, HoldingsChannel reports. The firm owned 80,193 shares of the company’s stock after acquiring an additional 78,348 shares during the period. TD Waterhouse Canada Inc.’s holdings in Hasbro were worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clarius Group LLC raised its stake in shares of Hasbro by 0.6% in the third quarter. Clarius Group LLC now owns 23,283 shares of the company’s stock valued at $1,766,000 after buying an additional 146 shares during the period. Kaufman Rossin Wealth LLC raised its stake in Hasbro by 4.1% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,839 shares of the company’s stock valued at $291,000 after acquiring an additional 151 shares during the period. Retirement Systems of Alabama raised its stake in Hasbro by 0.5% in the 3rd quarter. Retirement Systems of Alabama now owns 28,418 shares of the company’s stock valued at $2,156,000 after acquiring an additional 151 shares during the period. Ballentine Partners LLC lifted its holdings in Hasbro by 3.2% during the third quarter. Ballentine Partners LLC now owns 5,085 shares of the company’s stock valued at $386,000 after purchasing an additional 158 shares during the last quarter. Finally, Visionary Horizons LLC boosted its position in Hasbro by 1.4% during the third quarter. Visionary Horizons LLC now owns 12,069 shares of the company’s stock worth $915,000 after purchasing an additional 166 shares during the period. 91.83% of the stock is owned by institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $89.31 on Friday. The stock’s 50-day simple moving average is $84.18 and its two-hundred day simple moving average is $79.55. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $90.80. The firm has a market capitalization of $12.53 billion, a P/E ratio of -22.27, a P/E/G ratio of 1.62 and a beta of 0.55. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Seaport Research Partners upgraded shares of Hasbro to a “strong-buy” rating in a research note on Monday, November 10th. Morgan Stanley restated an “overweight” rating and set a $94.00 target price on shares of Hasbro in a research report on Sunday, December 14th. Jefferies Financial Group lifted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, December 29th. Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group cut their target price on Hasbro from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, January 9th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.00.

Insider Buying and Selling at Hasbro

In related news, Director Hope F. Cochran sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the sale, the director directly owned 17,102 shares of the company’s stock, valued at $1,320,958.48. This trade represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.85% of the company’s stock.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.