Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,249 shares of the company’s stock after purchasing an additional 259 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Hasbro were worth $797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its position 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 purchasing an additional 163 shares during the last quarter. Glenmede Trust Co. NA increased its position 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 valued at $554,000 after acquiring an additional 166 shares during the last quarter. Axiom Advisory LLC raised its stake in shares of Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after acquiring an additional 170 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after acquiring an additional 179 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hasbro by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 196 shares during the period. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Up 2.8 %

HAS stock opened at $57.74 on Friday. The company’s 50 day moving average price is $60.81 and its 200 day moving average price is $64.35. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of -12.44, a PEG ratio of 0.47 and a beta of 0.64. Hasbro, Inc. has a fifty-two week low of $46.09 and a fifty-two week 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.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. On average, equities research analysts anticipate that Hasbro, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred 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 $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 Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America boosted their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. 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. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group raised their price objective on shares of Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.11.

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.