Pictet Asset Management SA Has $5.32 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Pictet Asset Management SA boosted its stake in Hasbro, Inc. (NASDAQ:HASGet Rating) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 64,979 shares of the company’s stock after purchasing an additional 2,249 shares during the quarter. Pictet Asset Management SA’s holdings in Hasbro were worth $5,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Hasbro by 5.3% during the first quarter. BlackRock Inc. now owns 13,087,270 shares of the company’s stock worth $1,072,111,000 after purchasing an additional 653,202 shares during the last quarter. State Street Corp raised its holdings in shares of Hasbro by 0.5% during the 1st quarter. State Street Corp now owns 5,337,035 shares of the company’s stock worth $437,210,000 after buying an additional 23,978 shares in the last quarter. Boston Partners lifted its position in shares of Hasbro by 29.3% during the 1st quarter. Boston Partners now owns 3,145,640 shares of the company’s stock worth $257,711,000 after buying an additional 713,710 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 7.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,409,467 shares of the company’s stock valued at $197,384,000 after buying an additional 166,917 shares in the last quarter. Finally, Cooke & Bieler LP grew its position in Hasbro by 118.3% in the second quarter. Cooke & Bieler LP now owns 1,623,862 shares of the company’s stock valued at $132,962,000 after acquiring an additional 879,972 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research reports. Truist Financial dropped their target price on shares of Hasbro from $88.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, October 5th. BMO Capital Markets cut their target price on shares of Hasbro from $76.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 19th. MKM Partners lowered their price target on shares of Hasbro from $105.00 to $90.00 and set a “buy” rating for the company in a report on Monday, October 10th. Jefferies Financial Group cut their price objective on Hasbro from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Finally, Stifel Nicolaus reduced their price objective on Hasbro from $99.00 to $84.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.36.

Hasbro Trading Up 1.9 %

Shares of Hasbro stock opened at $59.52 on Friday. The stock has a fifty day moving average price of $67.31 and a 200-day moving average price of $77.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.38 and a quick ratio of 1.03. The firm has a market cap of $8.22 billion, a PE ratio of 19.97, a P/E/G ratio of 3.76 and a beta of 0.79. Hasbro, Inc. has a 1 year low of $55.15 and a 1 year high of $105.73.

Hasbro (NASDAQ:HASGet Rating) last announced its quarterly earnings data on Tuesday, October 18th. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.11). Hasbro had a return on equity of 19.90% and a net margin of 6.70%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the firm posted $1.96 EPS. The business’s revenue was down 14.9% on a year-over-year basis. Equities research analysts anticipate that Hasbro, Inc. will post 4.66 EPS for the current year.

About Hasbro

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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels.

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Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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