8,872 Shares in Hasbro, Inc. (NASDAQ:HAS) Purchased by Capital Wealth Management LLC

Capital Wealth Management LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,872 shares of the company's stock, valued at approximately $496,000.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its position in Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company's stock valued at $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Hasbro by 2.2% during the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company's stock worth $554,000 after buying an additional 166 shares during the period. Axiom Advisory LLC boosted its stake in shares of Hasbro by 1.6% during the third quarter. Axiom Advisory LLC now owns 10,880 shares of the company's stock worth $787,000 after buying an additional 170 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Hasbro by 2.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company's stock worth $385,000 after buying an additional 179 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Hasbro by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company's stock valued at $81,000 after acquiring an additional 196 shares during the period. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HAS shares. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Bank of America boosted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. DA Davidson lifted their target price on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.11.

Hasbro Price Performance

HAS stock traded down $0.40 during trading on Monday, reaching $57.34. 1,175,375 shares of the company were exchanged, compared to its average volume of 1,478,166. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The stock's 50 day moving average price is $60.54 and its 200 day moving average price is $64.40. Hasbro, Inc. has a 52-week low of $46.09 and a 52-week high of $73.46. The company has a market cap of $8.00 billion, a P/E ratio of -12.36, a PEG ratio of 0.47 and a beta of 0.64.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The company's quarterly revenue was down 14.8% on a year-over-year basis. As a group, analysts predict that Hasbro, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company's stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is owned by corporate insiders.

Hasbro Company 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.