Principal Financial Group Inc. Has $14.99 Million Stake in Hasbro, Inc. $HAS

Principal Financial Group Inc. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 34.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 197,629 shares of the company’s stock after purchasing an additional 50,189 shares during the quarter. Principal Financial Group Inc.’s holdings in Hasbro were worth $14,990,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in Hasbro in the 2nd quarter valued at $25,000. MUFG Securities EMEA plc bought a new position in shares of Hasbro in the second quarter worth $28,000. First Horizon Corp acquired a new position in Hasbro in the third quarter valued at about $29,000. Pittenger & Anderson Inc. acquired a new position in Hasbro in the second quarter valued at about $35,000. Finally, Mather Group LLC. bought a new stake in Hasbro during the third quarter worth about $39,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research raised their target price on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Morgan Stanley lifted their price objective on shares of Hasbro from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Wall Street Zen upgraded Hasbro from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup raised their target price on Hasbro from $91.00 to $97.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Seaport Research Partners raised Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and a consensus target price of $96.18.

Hasbro Stock Performance

Shares of Hasbro stock opened at $96.76 on Tuesday. Hasbro, Inc. has a fifty-two week low of $49.00 and a fifty-two week high of $97.41. The company has a debt-to-equity ratio of 7.65, a current ratio of 1.70 and a quick ratio of 1.42. The firm has a market capitalization of $13.58 billion, a P/E ratio of -24.13, a P/E/G ratio of 1.68 and a beta of 0.56. The company’s 50 day moving average price is $85.77 and its two-hundred day moving average price is $80.38.

Hasbro Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.