YANKCOM Partnership Invests $475,000 in Hasbro, Inc. (NASDAQ:HAS)

YANKCOM Partnership purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,494 shares of the company’s stock, valued at approximately $475,000.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted its stake 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 acquiring an additional 163 shares during the last quarter. Glenmede Trust Co. NA increased 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 worth $554,000 after purchasing an additional 166 shares during the period. Axiom Advisory LLC lifted its position 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 purchasing an additional 170 shares during the last quarter. Stratos Wealth Advisors LLC boosted 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 valued at $356,000 after purchasing an additional 217 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hasbro by 1.9% in the fourth 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. 91.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction 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 sale, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HAS shares. Morgan Stanley lifted 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. lifted their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Bank of America increased their price objective on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson raised their price objective on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a 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 report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Hasbro currently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $58.90 on Thursday. The business has a fifty day moving average price of $59.34 and a 200 day moving average price of $64.34. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

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.