Chevy Chase Trust Holdings LLC Sells 543 Shares of Hasbro, Inc. (NASDAQ:HAS)

Chevy Chase Trust Holdings LLC cut its stake in Hasbro, Inc. (NASDAQ:HAS) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,308 shares of the company’s stock after selling 543 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Hasbro worth $4,087,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S lifted its position in Hasbro by 47.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,632 shares of the company’s stock valued at $375,000 after acquiring an additional 2,123 shares during the last quarter. Financial Counselors Inc. grew its stake in Hasbro by 16.7% during the 1st quarter. Financial Counselors Inc. now owns 116,813 shares of the company’s stock worth $6,602,000 after buying an additional 16,678 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Hasbro by 4.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,083 shares of the company’s stock worth $739,000 after buying an additional 600 shares during the last quarter. Graypoint LLC acquired a new position in Hasbro during the 1st quarter valued at about $704,000. Finally, Nordea Investment Management AB boosted its holdings in Hasbro by 11.9% in the first quarter. Nordea Investment Management AB now owns 10,677 shares of the company’s stock worth $602,000 after acquiring an additional 1,136 shares in the last quarter. 91.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HAS shares. StockNews.com raised shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Monness Crespi & Hardt boosted their price objective on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. raised Hasbro from a “neutral” rating to an “overweight” rating and upped their target price for the company from $61.00 to $74.00 in a research report on Thursday, May 23rd. Stifel Nicolaus lifted their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Jefferies Financial Group increased their price objective on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. Four 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Hasbro Stock Performance

NASDAQ HAS opened at $58.58 on Friday. The stock’s fifty day moving average is $59.60 and its two-hundred day moving average is $55.15. The firm has a market capitalization of $8.16 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 0.59 and a beta of 0.62. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a fifty-two week low of $42.66 and a fifty-two week high of $73.57.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.34. The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, research analysts anticipate that Hasbro, Inc. will post 3.72 earnings per share for the current year.

Insider Activity

In related news, EVP Tarrant L. Sibley sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares in the company, valued at approximately $3,193,960.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.82% of the company’s stock.

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.