Commonwealth Equity Services LLC trimmed its stake in Hasbro, Inc. (NASDAQ:HAS) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,508 shares of the company’s stock after selling 354 shares during the period. Commonwealth Equity Services LLC’s holdings in Hasbro were worth $2,027,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Hasbro by 3.2% in the 1st quarter. FMR LLC now owns 60,034 shares of the company’s stock worth $5,104,000 after buying an additional 1,884 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Hasbro by 2.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,660 shares of the company’s stock worth $3,047,000 after buying an additional 875 shares during the period. Vident Investment Advisory LLC increased its position in Hasbro by 16.3% in the 2nd quarter. Vident Investment Advisory LLC now owns 10,237 shares of the company’s stock worth $767,000 after buying an additional 1,438 shares during the period. First Trust Advisors LP bought a new position in Hasbro in the 2nd quarter worth approximately $2,576,000. Finally, Shelter Mutual Insurance Co bought a new position in Hasbro in the 2nd quarter worth approximately $1,776,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of HAS stock opened at $93.02 on Friday. The stock’s fifty day simple moving average is $86.34 and its 200 day simple moving average is $77.92. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.62 and a quick ratio of 1.39. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.57 and a beta of 0.90. Hasbro, Inc. has a one year low of $41.33 and a one year high of $109.50.
In other Hasbro news, Director Linda Kay Zecher sold 818 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $79.61, for a total value of $65,120.98. Following the transaction, the director now owns 11,940 shares of the company’s stock, valued at $950,543.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Deborah Thomas sold 7,168 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $85.00, for a total value of $609,280.00. Following the completion of the transaction, the chief financial officer now directly owns 111,069 shares in the company, valued at approximately $9,440,865. The disclosure for this sale can be found here. In the last three months, insiders sold 83,536 shares of company stock worth $6,976,026. Insiders own 8.60% of the company’s stock.
Several brokerages have commented on HAS. MKM Partners lifted their price target on Hasbro from $90.00 to $104.00 in a research report on Tuesday, October 13th. JPMorgan Chase & Co. boosted their price objective on Hasbro from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. BMO Capital Markets upgraded Hasbro from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $69.00 to $90.00 in a research report on Wednesday, September 23rd. Truist boosted their price objective on Hasbro from $75.00 to $82.00 in a research report on Tuesday, October 27th. Finally, Stifel Nicolaus upgraded Hasbro from a “hold” rating to a “buy” rating and boosted their price objective for the company from $73.00 to $100.00 in a research report on Wednesday, September 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $89.11.
Hasbro Company Profile
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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