Ronna Sue Cohen buys $4,059,200 stake in Hasbro (HAS)

Hasbro (HAS) : Ronna Sue Cohen scooped up 331 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 46,428 shares of Hasbro which is valued at $4,059,200.Hasbro makes up approximately 3.40% of Ronna Sue Cohen’s portfolio.

Hasbro opened for trading at $86.91 and hit $87.67 on the upside on Friday, eventually ending the session at $87.43, with a gain of 0.73% or 0.63 points. The heightened volatility saw the trading volume jump to 16,08,011 shares. Company has a market cap of $10,911 M.

Other Hedge Funds, Including , Boston Advisors added HAS to its portfolio by purchasing 174,650 company shares during the most recent quarter which is valued at $15,269,650. Hasbro makes up approx 0.37% of Boston Advisors’s portfolio.Btim Corp. reduced its stake in HAS by selling 1,000 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 38,750 shares of HAS which is valued at $3,387,913. Hasbro makes up approx 0.06% of Btim Corp.’s portfolio.Capital One National Association reduced its stake in HAS by selling 1,360 shares or 7.94% in the most recent quarter. The Hedge Fund company now holds 15,766 shares of HAS which is valued at $1,378,421. Hasbro makes up approx 0.12% of Capital One National Association’s portfolio.New York State Teachers Retirement System boosted its stake in HAS in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 218,749 shares of Hasbro which is valued at $19,125,225. Hasbro makes up approx 0.05% of New York State Teachers Retirement System’s portfolio.Chicago Trust Co Na reduced its stake in HAS by selling 325 shares or 9.49% in the most recent quarter. The Hedge Fund company now holds 3,098 shares of HAS which is valued at $246,136. Hasbro makes up approx 0.11% of Chicago Trust Co Na’s portfolio.

On the company’s financial health, Hasbro reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $831.20 million for the quarter, compared to analysts expectations of $779.23 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Investors should note that on Feb 8, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Apr 28, 2016 as the ex-dividend date and fixed the record date on May 2, 2016. The payable date has been fixed on May 16, 2016.

Many Wall Street Analysts have commented on Hasbro. Company shares were Reiterated by Monness Crespi & Hardt on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $84 .JP Morgan Initiated Hasbro on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $81.Company shares were Reiterated by Piper Jaffray on Mar 31, 2016 to “Overweight”, Firm has raised the Price Target to $ 84 from a previous price target of $83 .

Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Company’s business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.

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