Savant Capital LLC Reduces Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Savant Capital LLC trimmed its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,360 shares of the company's stock after selling 11,240 shares during the period. Savant Capital LLC's holdings in Hasbro were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAS. Pacer Advisors Inc. boosted its holdings in shares of Hasbro by 28,552.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company's stock valued at $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of Hasbro by 9,806.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after purchasing an additional 989,906 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in shares of Hasbro in the 3rd quarter valued at approximately $32,032,000. Robeco Institutional Asset Management B.V. raised its position in shares of Hasbro by 207.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company's stock valued at $30,629,000 after purchasing an additional 369,744 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Hasbro by 882.9% in the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company's stock valued at $22,410,000 after purchasing an additional 360,039 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction 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 sale, the executive vice president now owns 36,828 shares of the company's stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

Hasbro Price Performance

HAS traded up $0.57 on Friday, hitting $60.82. 1,170,136 shares of the company's stock were exchanged, compared to its average volume of 1,204,573. Hasbro, Inc. has a fifty-two week low of $48.63 and a fifty-two week 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. The firm has a 50-day moving average price of $58.44 and a 200-day moving average price of $64.20. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of -13.11, a P/E/G ratio of 0.51 and a beta of 0.64.

Analysts Set New Price Targets

A number of research firms have issued reports on HAS. Morgan Stanley raised their price target 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. Stifel Nicolaus reduced their price target on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, DA Davidson raised their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Hasbro has a consensus rating of "Moderate Buy" and an average target price of $80.11.

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.