Cwm LLC Purchases 24,566 Shares of Hasbro, Inc. $HAS

Key Points

• Cwm LLC increased its stake in Hasbro, Inc. by 118.7% during Q2, acquiring an additional 24,566 shares, bringing its total holdings to 45,258 shares valued at approximately $3.34 million.
• Several analysts have upgraded their price targets for Hasbro, with Citigroup raising the target from $79 to $91 and the consensus rating for the stock is now a "Moderate Buy" with an average target price of $87.64.
• Insider trading includes significant sales by CEO Christian P. Cocks, who sold 27,800 shares for nearly $2.2 million, reflecting a 10.01% decrease in his holdings.

Cwm LLC lifted its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 118.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,258 shares of the company's stock after purchasing an additional 24,566 shares during the quarter. Cwm LLC's holdings in Hasbro were worth $3,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its position in shares of Hasbro by 130.0% during the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company's stock worth $29,000 after purchasing an additional 269 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Hasbro by 489.2% during the second quarter. IFP Advisors Inc now owns 654 shares of the company's stock worth $48,000 after purchasing an additional 543 shares in the last quarter. Allworth Financial LP boosted its position in shares of Hasbro by 93.2% during the first quarter. Allworth Financial LP now owns 931 shares of the company's stock worth $56,000 after purchasing an additional 449 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Hasbro by 21.6% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company's stock worth $64,000 after purchasing an additional 186 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in shares of Hasbro during the second quarter worth $82,000. 91.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

HAS has been the topic of several research reports. Citigroup boosted their price objective on shares of Hasbro from $79.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Zacks Research cut shares of Hasbro from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 10th. DA Davidson boosted their price objective on shares of Hasbro from $75.00 to $80.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. UBS Group boosted their price objective on shares of Hasbro from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley boosted their price objective 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. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $87.64.

Insider Buying and Selling at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer directly owned 249,861 shares in the company, valued at approximately $19,719,030.12. The trade was a 10.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Timothy J. Kilpin sold 8,557 shares of Hasbro stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company's stock.

Hasbro Stock Up 0.6%

Shares of HAS stock opened at $74.81 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.32 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 1 year low of $49.00 and a 1 year high of $82.19. The firm's fifty day moving average price is $77.38 and its two-hundred day moving average price is $70.54. The firm has a market capitalization of $10.49 billion, a P/E ratio of -18.43, a PEG ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. The firm had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same period in the previous year, the business earned $1.22 EPS. The company's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

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.

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