Cwm LLC Grows Holdings in Hasbro, Inc. (NASDAQ:HAS)

Cwm LLC increased its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 131.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,692 shares of the company's stock after buying an additional 11,749 shares during the period. Cwm LLC's holdings in Hasbro were worth $1,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Hasbro by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 16,358,414 shares of the company's stock valued at $914,599,000 after buying an additional 404,527 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hasbro by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 3,371,002 shares of the company's stock valued at $188,269,000 after acquiring an additional 59,794 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Hasbro by 313.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,200,860 shares of the company's stock valued at $178,960,000 after acquiring an additional 2,427,299 shares in the last quarter. Invesco Ltd. lifted its stake in Hasbro by 28.5% during the fourth quarter. Invesco Ltd. now owns 3,159,524 shares of the company's stock worth $176,649,000 after purchasing an additional 701,660 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Hasbro by 23.7% during the fourth quarter. Marshall Wace LLP now owns 2,643,381 shares of the company's stock worth $147,791,000 after purchasing an additional 507,054 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. DA Davidson reissued a "neutral" rating and set a $75.00 target price on shares of Hasbro in a report on Thursday, May 15th. Bank of America boosted their price objective on shares of Hasbro from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday. Monness Crespi & Hardt raised shares of Hasbro to a "strong-buy" rating in a report on Tuesday, April 22nd. Wall Street Zen upgraded Hasbro from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley upped their target price on Hasbro from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $81.11.

Hasbro Stock Performance

HAS opened at $77.81 on Monday. Hasbro, Inc. has a twelve month low of $49.00 and a twelve month high of $78.83. The stock has a market cap of $10.90 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.13 and a beta of 0.59. The business's 50 day moving average is $70.39 and its 200-day moving average is $63.10. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 2.78.

Hasbro (NASDAQ:HAS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.37. Hasbro had a return on equity of 51.39% and a net margin of 9.99%. The company had revenue of $887.10 million during the quarter, compared to analyst estimates of $770.60 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that Hasbro, Inc. will post 4.33 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.