Crossmark Global Holdings Inc. Has $3.19 Million Holdings in Hasbro, Inc. (NASDAQ:HAS)

Crossmark Global Holdings Inc. increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 57,073 shares of the company’s stock after acquiring an additional 1,097 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Hasbro were worth $3,191,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAS. Blue Trust Inc. raised its holdings in shares of Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC bought a new position in Hasbro in the third quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new position in Hasbro during the third quarter worth about $40,000. Wilmington Savings Fund Society FSB bought a new position in shares of Hasbro in the third quarter worth about $45,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Hasbro in the 3rd quarter valued at approximately $49,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAS has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective 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. Jefferies Financial Group increased their price target on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. DA Davidson upped their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America increased their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.11.

Insider Buying and Selling

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was 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 in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by insiders.

Hasbro Price Performance

Shares of HAS opened at $57.25 on Thursday. The business has a 50-day moving average of $60.29 and a 200-day moving average of $64.42. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of -12.34, a price-to-earnings-growth ratio of 0.49 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro, Inc. will post 3.86 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.