Probity Advisors Inc. Grows Stock Position in Hasbro, Inc. $HAS

Probity Advisors Inc. boosted its stake in Hasbro, Inc. (NASDAQ:HAS) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,365 shares of the company’s stock after acquiring an additional 533 shares during the quarter. Probity Advisors Inc.’s holdings in Hasbro were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of Hasbro by 3.9% during the 1st quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock valued at $1,754,000 after buying an additional 1,072 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Hasbro by 20.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock valued at $1,036,000 after buying an additional 2,866 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Hasbro by 129.5% during the 1st quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock valued at $678,000 after buying an additional 6,219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Hasbro by 60.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock valued at $1,021,000 after buying an additional 6,225 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Hasbro by 7.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock valued at $785,000 after buying an additional 931 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares of the company’s stock, valued at $19,719,030.12. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at $3,607,873.44. This represents a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock valued at $2,970,828 over the last three months. Company insiders own 0.85% of the company’s stock.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $74.83 on Wednesday. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business’s fifty day moving average price is $77.25 and its two-hundred day moving average price is $70.88. The firm has a market capitalization of $10.49 billion, a PE ratio of -18.43, a P/E/G ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The firm had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same period last year, the company earned $1.22 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, research analysts expect that Hasbro, Inc. will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

HAS has been the subject of several research analyst reports. Citigroup increased their target price on Hasbro from $79.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group increased their target price on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. DA Davidson increased their target price on Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.64.

Hasbro 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.