Gries Financial LLC Lowers Holdings in Hasbro, Inc. (NASDAQ:HAS)

Gries Financial LLC decreased its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,707 shares of the company’s stock after selling 754 shares during the quarter. Gries Financial LLC’s holdings in Hasbro were worth $1,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank grew its stake in shares of Hasbro by 27.3% during the third quarter. Huntington National Bank now owns 759 shares of the company’s stock worth $55,000 after acquiring an additional 163 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Hasbro by 2.2% during the third 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 grew its stake in shares of 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 acquiring an additional 170 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after acquiring an additional 217 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Hasbro by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock valued at $797,000 after acquiring an additional 259 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HAS. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. 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 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 report on Monday, October 21st. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America raised 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Stock Performance

NASDAQ:HAS opened at $58.55 on Thursday. Hasbro, Inc. has a 12-month low of $46.09 and a 12-month high of $73.46. The stock’s 50 day simple moving average is $59.84 and its 200-day simple moving average is $64.42. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.82% of the stock is currently owned by company insiders.

Hasbro Company 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.