Principal Financial Group Inc. Purchases 50,189 Shares of Hasbro, Inc. $HAS

Principal Financial Group Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 34.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,629 shares of the company’s stock after acquiring an additional 50,189 shares during the quarter. Principal Financial Group Inc. owned 0.14% of Hasbro worth $14,990,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Hasbro by 128.7% in the 2nd quarter. Bank of America Corp DE now owns 2,981,423 shares of the company’s stock valued at $220,089,000 after purchasing an additional 1,677,962 shares during the period. Norges Bank acquired a new position in Hasbro during the second quarter worth approximately $123,710,000. AQR Capital Management LLC increased its position in Hasbro by 95.7% during the second quarter. AQR Capital Management LLC now owns 2,259,812 shares of the company’s stock worth $164,831,000 after buying an additional 1,105,004 shares during the last quarter. Mane Global Capital Management LP bought a new stake in Hasbro in the second quarter valued at approximately $77,471,000. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Hasbro in the third quarter valued at approximately $30,608,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Stock Up 3.1%

HAS stock opened at $96.76 on Tuesday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $97.41. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of -24.13, a PEG ratio of 1.68 and a beta of 0.56. The business’s fifty day moving average price is $85.77 and its two-hundred day moving average price is $80.38.

Wall Street Analysts Forecast Growth

HAS has been the subject of several research analyst reports. Wolfe Research lifted their target price on Hasbro from $89.00 to $90.00 in a research note on Wednesday, October 29th. Roth Mkm lifted their price objective on shares of Hasbro from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a report on Monday, December 29th. Seaport Research Partners raised shares of Hasbro to a “strong-buy” rating in a research report on Monday, November 10th. Finally, UBS Group lifted their target price on shares of Hasbro from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.18.

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.