Pallas Capital Advisors LLC Sells 4,145 Shares of Hasbro, Inc. (NASDAQ:HAS)

Pallas Capital Advisors LLC reduced its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 50.8% during the fourth quarter, Holdings Channel reports. The fund owned 4,013 shares of the company’s stock after selling 4,145 shares during the period. Pallas Capital Advisors LLC’s holdings in Hasbro were worth $224,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares during the period. GW Henssler & Associates Ltd. purchased a new stake in shares of Hasbro during the third quarter valued at approximately $18,163,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 8,270 shares during the period. American Trust purchased a new stake in shares of Hasbro during the third quarter valued at approximately $634,000. Finally, Quest Partners LLC boosted its stake in shares of Hasbro by 972.6% during the third quarter. Quest Partners LLC now owns 29,045 shares of the company’s stock valued at $2,101,000 after purchasing an additional 26,337 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

HAS opened at $56.16 on Thursday. The stock has a fifty day simple moving average of $60.95 and a two-hundred day simple moving average of $64.41. 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 company has a market cap of $7.83 billion, a price-to-earnings ratio of -12.10, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64. Hasbro, Inc. has a 12-month low of $46.09 and a 12-month high of $73.46.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. Hasbro’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. Research analysts predict that Hasbro, Inc. will post 3.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HAS. Jefferies Financial Group raised their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Bank of America raised their price target on Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley raised their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hasbro currently has an average rating of “Moderate Buy” and a consensus price target of $80.11.

Insider Transactions at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is owned by 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.