Sumitomo Mitsui DS Asset Management Company Ltd Purchases 2,780 Shares of Hasbro, Inc. (NASDAQ:HAS)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Hasbro, Inc. (NASDAQ:HAS) by 13.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,912 shares of the company’s stock after acquiring an additional 2,780 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Hasbro were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Hasbro in the third quarter valued at $31,000. Blue Trust Inc. boosted its stake in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Hasbro during the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the 3rd quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Hasbro during the third quarter valued at about $49,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of Hasbro stock opened at $60.09 on Wednesday. The business’s 50-day moving average price is $58.93 and its 200-day moving average price is $64.32. The firm has a market capitalization of $8.38 billion, a PE ratio of -12.95, a price-to-earnings-growth ratio of 0.51 and a beta of 0.64. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

Insider Buying and Selling at Hasbro

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 completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America upped their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.