Strengthening Families & Communities LLC Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Strengthening Families & Communities LLC lessened its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 86.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,442 shares of the company's stock after selling 15,331 shares during the quarter. Strengthening Families & Communities LLC's holdings in Hasbro were worth $137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. raised its holdings in Hasbro by 224.8% in the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company's stock worth $31,000 after purchasing an additional 299 shares during the period. True Wealth Design LLC acquired a new position in Hasbro in the 3rd quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro in the 3rd quarter worth about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro in the 3rd quarter worth about $45,000. Finally, Ashton Thomas Securities LLC acquired a new position in Hasbro in the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 91.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Morgan Stanley upped their price target on Hasbro from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Hasbro presently has an average rating of "Moderate Buy" and an average price target of $80.11.

Insider Activity

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.82% of the company's stock.

Hasbro Price Performance

Shares of HAS stock traded up $0.57 during trading hours on Friday, reaching $60.82. The company had a trading volume of 1,170,136 shares, compared to its average volume of 1,284,058. 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 has a fifty day moving average of $58.54 and a 200-day moving average of $64.23. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of -13.11, a PEG ratio of 0.51 and a beta of 0.64. Hasbro, Inc. has a 12-month low of $48.63 and a 12-month high of $73.46.

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.