Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 24.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,360 shares of the company’s stock after selling 11,240 shares during the quarter. Savant Capital LLC’s holdings in Hasbro were worth $1,977,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HAS. Blue Trust Inc. increased its position in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares in the last quarter. True Wealth Design LLC acquired a new stake in Hasbro in the 3rd quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro during the 3rd quarter valued at about $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro during the third quarter worth about $45,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Hasbro in the third quarter valued at about $49,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction on Friday, November 29th. The shares were 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Stock Performance

Hasbro stock opened at $59.72 on Thursday. The stock has a fifty day moving average price of $58.83 and a 200 day moving average price of $64.29. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 52 week low of $46.09 and a 52 week high of $73.46. The firm has a market capitalization of $8.33 billion, a P/E ratio of -12.87, a PEG ratio of 0.51 and a beta of 0.64.

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.