Sumitomo Mitsui DS Asset Management Company Ltd Has $1.28 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,912 shares of the company’s stock after buying 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 institutional investors and hedge funds have also recently modified their holdings of HAS. International Assets Investment Management LLC lifted its position in shares of Hasbro by 7,141.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after acquiring an additional 55,847 shares during the period. GW Henssler & Associates Ltd. acquired a new position in shares of Hasbro during the third quarter valued at about $18,163,000. Charles Schwab Investment Management Inc. boosted its position in shares of Hasbro by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock worth $85,629,000 after purchasing an additional 8,270 shares in the last quarter. American Trust acquired a new stake in shares of Hasbro in the 3rd quarter valued at about $634,000. Finally, Quest Partners LLC increased its position in Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after buying an additional 26,337 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Hasbro stock opened at $60.09 on Wednesday. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The company’s 50 day moving average price is $58.93 and its two-hundred day moving average price is $64.32. The stock has a market cap of $8.38 billion, a P/E ratio of -12.95, a P/E/G ratio of 0.51 and a beta of 0.64. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Insider Buying and Selling

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated 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 owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. DA Davidson increased their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price objective on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Bank of America upped their target price on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

About Hasbro

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.