Hasbro, Inc. $HAS Position Decreased by WBH Advisory Inc.

WBH Advisory Inc. decreased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,156 shares of the company’s stock after selling 715 shares during the period. WBH Advisory Inc.’s holdings in Hasbro were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HAS. Nuveen LLC bought a new position in shares of Hasbro during the 1st quarter valued at about $30,347,000. Valley Wealth Managers Inc. acquired a new position in shares of Hasbro in the first quarter worth about $25,381,000. Dimensional Fund Advisors LP boosted its holdings in shares of Hasbro by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock worth $140,652,000 after buying an additional 227,477 shares during the period. Samlyn Capital LLC boosted its holdings in shares of Hasbro by 22.7% in the first quarter. Samlyn Capital LLC now owns 950,630 shares of the company’s stock worth $58,454,000 after buying an additional 176,175 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Hasbro by 15.3% in the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock worth $79,312,000 after buying an additional 170,749 shares during the period. Institutional investors own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. UBS Group raised their target price on shares of Hasbro from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Roth Capital raised their target price on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, DA Davidson raised their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $87.64.

Hasbro Price Performance

NASDAQ HAS opened at $74.83 on Wednesday. The company has a 50 day simple moving average of $77.25 and a 200-day simple moving average of $70.88. 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 firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -18.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $82.19.

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

Insider Transactions at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the transaction, the insider owned 51,301 shares of the company’s stock, valued at approximately $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the transaction, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock valued at $2,970,828 over the last three months. 0.85% of the stock is owned by corporate insiders.

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.