Hasbro, Inc. $HAS Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. decreased its position in Hasbro, Inc. (NASDAQ:HAS) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,925 shares of the company’s stock after selling 779 shares during the quarter. Lafayette Investments Inc.’s holdings in Hasbro were worth $2,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAS. Pittenger & Anderson Inc. acquired a new stake in shares of Hasbro in the 2nd quarter valued at $35,000. SBI Securities Co. Ltd. raised its stake in Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after buying an additional 269 shares in the last quarter. IFP Advisors Inc raised its stake in Hasbro by 489.2% in the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after buying an additional 543 shares in the last quarter. Allworth Financial LP lifted its holdings in Hasbro by 93.2% during the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after buying an additional 449 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in shares of Hasbro by 21.6% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other Hasbro news, insider Roberta K. Thomson sold 1,002 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the completion of the sale, the insider directly owned 51,301 shares of the company’s stock, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy J. Kilpin sold 8,557 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider directly owned 44,301 shares of the company’s stock, valued at $3,607,873.44. The trade was a 16.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,359 shares of company stock worth $2,970,828. Company insiders own 0.85% of the company’s stock.

Hasbro Price Performance

HAS stock opened at $74.79 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. The company has a market capitalization of $10.49 billion, a P/E ratio of -18.42, a PEG ratio of 0.96 and a beta of 0.60. The business has a 50 day simple moving average of $77.32 and a 200-day simple moving average of $70.85. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $82.19.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.78 by $0.52. The firm had revenue of $980.80 million during the quarter, compared to the consensus estimate of $891.82 million. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. Hasbro’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, equities analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HAS shares. The Goldman Sachs Group raised Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Citigroup boosted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on shares of Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Zacks Research lowered shares of Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.64.

Hasbro 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.