Natixis Advisors L.P. Reduces Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Natixis Advisors L.P. cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 70.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,929 shares of the company’s stock after selling 272,668 shares during the quarter. Natixis Advisors L.P. owned about 0.08% of Hasbro worth $5,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HAS. Vanguard Group Inc. lifted its position in Hasbro by 0.4% during the third quarter. Vanguard Group Inc. now owns 15,752,627 shares of the company’s stock valued at $1,041,879,000 after buying an additional 55,258 shares during the period. Cooke & Bieler LP grew its position in Hasbro by 31.6% during the 4th quarter. Cooke & Bieler LP now owns 3,188,417 shares of the company’s stock valued at $162,801,000 after purchasing an additional 765,898 shares during the last quarter. London Co. of Virginia raised its holdings in Hasbro by 1.0% in the third quarter. London Co. of Virginia now owns 2,225,403 shares of the company’s stock worth $147,188,000 after buying an additional 21,634 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Hasbro by 7.4% in the third quarter. Northern Trust Corp now owns 1,350,730 shares of the company’s stock worth $89,337,000 after buying an additional 92,552 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Hasbro by 176.0% during the third quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after buying an additional 836,474 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Stock Down 1.5 %

NASDAQ HAS opened at $60.09 on Friday. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 2.88. The stock has a market cap of $8.37 billion, a PE ratio of -5.93, a P/E/G ratio of 0.99 and a beta of 0.67. The stock’s 50 day moving average is $56.68 and its 200 day moving average is $51.48.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $739.84 million. Hasbro had a negative net margin of 29.60% and a positive return on equity of 25.41%. Hasbro’s revenue for the quarter was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. Research analysts predict that Hasbro, Inc. will post 3.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HAS. Stifel Nicolaus upped their price objective on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. TheStreet lowered shares of Hasbro from a “c-” rating to a “d+” rating in a research report on Tuesday, February 13th. Finally, Roth Mkm raised their target price on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.36.

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.