Brown Lisle Cummings Inc. Has $209,000 Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Brown Lisle Cummings Inc. boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,742 shares of the company’s stock after acquiring an additional 579 shares during the period. Brown Lisle Cummings Inc.’s holdings in Hasbro were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in Hasbro by 7,141.6% in the 3rd quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock worth $40,950,000 after purchasing an additional 55,847 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in Hasbro during the third quarter worth about $18,163,000. Charles Schwab Investment Management Inc. increased its stake in Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares during the period. American Trust acquired a new position in Hasbro in the 3rd quarter valued at approximately $634,000. Finally, Quest Partners LLC lifted its position in shares of Hasbro by 972.6% in the 3rd quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock worth $2,101,000 after acquiring an additional 26,337 shares during the period. 91.83% of the stock is currently owned by institutional investors.

Hasbro Price Performance

Shares of HAS stock opened at $57.15 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of -12.32, a PEG ratio of 0.50 and a beta of 0.64. The firm’s 50 day moving average is $59.48 and its 200-day moving average is $64.35. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HAS. Stifel Nicolaus lowered their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. DA Davidson increased their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price 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. Morgan Stanley increased their price target on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Bank of America lifted their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction that occurred on Friday, November 29th. The shares were 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 $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.82% of the company’s stock.

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.