Pacer Advisors Inc. Purchases 2,779,877 Shares of Hasbro, Inc. (NASDAQ:HAS)

Pacer Advisors Inc. grew its position in Hasbro, Inc. (NASDAQ:HAS) by 28,552.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,789,613 shares of the company’s stock after buying an additional 2,779,877 shares during the quarter. Pacer Advisors Inc. owned 2.00% of Hasbro worth $155,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAS. Huntington National Bank lifted its stake in Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after purchasing an additional 166 shares during the period. Axiom Advisory LLC lifted its position in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock worth $787,000 after purchasing an additional 170 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after purchasing an additional 179 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock valued at $356,000 after buying an additional 217 shares during the period. Institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is currently owned by insiders.

Hasbro Trading Down 0.2 %

NASDAQ:HAS opened at $57.42 on Monday. The company’s 50 day moving average is $59.97 and its two-hundred day moving average is $64.38. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. On average, sell-side analysts expect that Hasbro, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAS. Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus cut their target price on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.11.

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.