Pittenger & Anderson Inc. Takes Position in Hasbro, Inc. $HAS

Pittenger & Anderson Inc. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 475 shares of the company’s stock, valued at approximately $35,000.

Several other large investors have also made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after buying an additional 269 shares in the last quarter. IFP Advisors Inc boosted its holdings in Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after buying an additional 543 shares in the last quarter. Allworth Financial LP boosted its holdings in Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after buying an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after buying an additional 186 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Hasbro by 299.0% during the first quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock worth $70,000 after buying an additional 855 shares in the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $74.83 on Wednesday. The firm has a 50-day simple moving average of $77.25 and a 200-day simple moving average of $70.88. The stock 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. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 52 week low of $49.00 and a 52 week high of $82.19.

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

Insider Activity

In other news, CEO Christian P. Cocks sold 27,800 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the sale, the chief executive officer directly owned 249,861 shares in the company, valued at $19,719,030.12. This 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 Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider directly owned 51,301 shares of the company’s stock, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,359 shares of company stock worth $2,970,828 over the last three months. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Bank of America increased their price target on shares of Hasbro from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Roth Capital upped their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Zacks Research cut shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Monness Crespi & Hardt upped their price objective on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.