Hasbro, Inc. (NASDAQ:HAS) Shares Sold by USA Financial Formulas

USA Financial Formulas reduced its position in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 55.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,350 shares of the company's stock after selling 11,634 shares during the quarter. USA Financial Formulas' holdings in Hasbro were worth $523,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Hasbro by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company's stock valued at $108,723,000 after acquiring an additional 135,548 shares during the last quarter. Samlyn Capital LLC boosted its stake in shares of Hasbro by 87.4% during the second quarter. Samlyn Capital LLC now owns 1,833,374 shares of the company's stock valued at $107,252,000 after purchasing an additional 855,099 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Hasbro by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company's stock worth $85,629,000 after purchasing an additional 8,270 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in Hasbro by 9,806.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company's stock valued at $72,320,000 after buying an additional 989,906 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Hasbro by 13.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company's stock valued at $58,210,000 after acquiring an additional 97,039 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Up 2.5 %

HAS stock traded up $1.40 during mid-day trading on Thursday, reaching $57.56. 823,718 shares of the stock traded hands, compared to its average volume of 1,318,600. The business has a 50-day moving average price of $60.95 and a two-hundred day moving average price of $64.41. The stock has a market capitalization of $8.03 billion, a PE ratio of -12.40, a PEG ratio of 0.47 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46.

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 the consensus estimate of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm's revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.64 EPS. Equities research analysts expect that Hasbro, Inc. will post 3.87 EPS for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

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

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.