Hasbro, Inc. (NASDAQ:HAS) Position Lessened by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 67.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,624 shares of the company's stock after selling 35,785 shares during the period. Eagle Rock Investment Company LLC's holdings in Hasbro were worth $985,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HAS. Contravisory Investment Management Inc. lifted its position in Hasbro by 2.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 11,422 shares of the company's stock valued at $639,000 after buying an additional 327 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Hasbro by 8.6% in the 4th quarter. Park Avenue Securities LLC now owns 7,172 shares of the company's stock valued at $401,000 after acquiring an additional 569 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Hasbro during the 4th quarter valued at $5,727,000. FNY Investment Advisers LLC boosted its position in Hasbro by 59.0% during the 4th quarter. FNY Investment Advisers LLC now owns 6,200 shares of the company's stock worth $346,000 after purchasing an additional 2,300 shares during the period. Finally, Czech National Bank increased its holdings in Hasbro by 6.6% in the 4th quarter. Czech National Bank now owns 28,447 shares of the company's stock valued at $1,590,000 after purchasing an additional 1,753 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Hasbro from $75.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. DA Davidson lifted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Hasbro currently has an average rating of "Moderate Buy" and an average target price of $80.11.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.82% of the company's stock.

Hasbro Stock Down 0.7 %

NASDAQ HAS traded down $0.40 during trading hours on Friday, reaching $57.34. 1,175,375 shares of the company traded hands, compared to its average volume of 1,371,534. The company has a 50 day moving average of $60.54 and a two-hundred day moving average of $64.30. The stock has a market capitalization of $8.00 billion, a PE ratio of -12.36, a PEG ratio of 0.47 and a beta of 0.64. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $1.64 earnings per share. The company's revenue for the quarter was down 14.8% compared to the same quarter last year. As a group, equities analysts expect that Hasbro, Inc. will post 3.87 earnings per share for the current year.

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.