Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC trimmed its holdings in Hasbro, Inc. (NASDAQ:HAS) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438,940 shares of the company’s stock after selling 3,976 shares during the quarter. Hasbro accounts for about 1.8% of Smith Group Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Smith Group Asset Management LLC owned 0.31% of Hasbro worth $24,541,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Hasbro by 27.3% during the 3rd quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after buying an additional 163 shares during the period. Glenmede Trust Co. NA lifted its position in Hasbro by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock worth $554,000 after acquiring an additional 166 shares during the last quarter. 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 valued at $787,000 after acquiring an additional 170 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Hasbro by 4.6% in the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Hasbro by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

HAS has been the subject of several research reports. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased 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. Stifel Nicolaus reduced their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Jefferies Financial Group boosted 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. Finally, Bank of America increased their price objective on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and a consensus target price 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 transaction of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Hasbro Stock Down 0.8 %

HAS opened at $58.27 on Wednesday. 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 12 month low of $46.09 and a 12 month high of $73.46. The firm’s fifty day simple moving average is $59.91 and its 200 day simple moving average is $64.43.

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.