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

Capital Wealth Management LLC acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, HoldingsChannel reports. The fund acquired 8,872 shares of the company’s stock, valued at approximately $496,000.

A number of other institutional investors have also recently bought and sold shares of the business. Huntington National Bank boosted its position in shares of Hasbro by 27.3% in the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Hasbro by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after buying an additional 166 shares during the period. Axiom Advisory LLC boosted its holdings in 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 last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Hasbro by 2.8% during the 2nd 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 period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective 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. Jefferies Financial Group lifted their target price on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus lowered their target price 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Stock Performance

Hasbro stock opened at $57.34 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a fifty day simple moving average of $60.54 and a 200 day simple moving average of $64.40.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 earnings per share for the quarter, beating 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 company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company earned $1.64 EPS. Hasbro’s revenue for the quarter was down 14.8% compared to the same quarter last year. Sell-side analysts expect that Hasbro, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.82% of the company’s stock.

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.