Hasbro, Inc. $HAS Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,574 shares of the company’s stock after acquiring an additional 801 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Hasbro were worth $5,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HAS. Brighton Jones LLC purchased a new stake in Hasbro during the fourth quarter valued at about $317,000. GAMMA Investing LLC grew its position in Hasbro by 13.4% during the first quarter. GAMMA Investing LLC now owns 3,534 shares of the company’s stock valued at $217,000 after acquiring an additional 417 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Hasbro by 60.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock valued at $1,021,000 after acquiring an additional 6,225 shares during the period. Janney Montgomery Scott LLC grew its position in Hasbro by 15.8% during the first quarter. Janney Montgomery Scott LLC now owns 26,310 shares of the company’s stock valued at $1,618,000 after acquiring an additional 3,587 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Hasbro by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 15,364 shares of the company’s stock valued at $944,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total value of $696,882.08. Following the sale, the insider owned 44,301 shares in the company, valued at $3,607,873.44. The trade was a 16.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,359 shares of company stock valued at $2,970,828 over the last three months. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HAS has been the subject of a number of research reports. Bank of America boosted their price target on Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Roth Capital boosted their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded Hasbro from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $85.00 in a research note on Monday, June 30th. Zacks Research cut Hasbro from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Morgan Stanley boosted their price objective on Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hasbro has an average rating of “Moderate Buy” and an average price target of $87.64.

Hasbro Trading Down 0.0%

NASDAQ:HAS opened at $74.79 on Tuesday. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The business’s 50-day simple moving average is $77.32 and its 200 day simple moving average is $70.85. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of -18.42, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million for the quarter, compared to analysts’ expectations of $891.82 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

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.