Kovitz Investment Group Partners LLC Has $67.76 Million Stock Position in Hasbro, Inc. (NASDAQ:HAS)

Kovitz Investment Group Partners LLC grew its position in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,326,984 shares of the company's stock after purchasing an additional 22,688 shares during the quarter. Hasbro accounts for 1.1% of Kovitz Investment Group Partners LLC's portfolio, making the stock its 29th largest position. Kovitz Investment Group Partners LLC owned about 0.96% of Hasbro worth $67,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC bought a new stake in Hasbro during the third quarter worth approximately $26,000. Parkside Financial Bank & Trust grew its holdings in shares of Hasbro by 300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company's stock worth $28,000 after acquiring an additional 408 shares during the last quarter. ING Groep NV acquired a new position in shares of Hasbro in the 3rd quarter worth $29,000. Orion Capital Management LLC acquired a new stake in shares of Hasbro during the third quarter worth $37,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Hasbro by 118.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company's stock valued at $43,000 after purchasing an additional 456 shares during the last quarter. Institutional investors own 91.83% of the company's stock.

Hasbro Stock Down 1.5 %

NASDAQ:HAS traded down $0.93 during trading hours on Friday, reaching $60.09. The company's stock had a trading volume of 836,943 shares, compared to its average volume of 1,740,780. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The company has a market cap of $8.37 billion, a price-to-earnings ratio of -5.93, a price-to-earnings-growth ratio of 0.99 and a beta of 0.67. Hasbro, Inc. has a one year low of $42.66 and a one year high of $73.57. The business's 50-day moving average is $56.68 and its 200-day moving average is $51.48.

Hasbro (NASDAQ:HAS - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The company had revenue of $757.30 million during the quarter, compared to the consensus estimate of $739.84 million. During the same quarter in the prior year, the company posted $0.01 EPS. The firm's revenue was down 24.3% on a year-over-year basis. Equities research analysts predict that Hasbro, Inc. will post 3.61 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on HAS. Stifel Nicolaus boosted their price objective on Hasbro from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, April 15th. JPMorgan Chase & Co. increased their target price on Hasbro from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. Monness Crespi & Hardt increased their price target on shares of Hasbro from $60.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Jefferies Financial Group raised their price target on shares of Hasbro from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, April 19th. Finally, TheStreet lowered shares of Hasbro from a "c-" rating to a "d+" rating in a research note on Tuesday, February 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $66.36.

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.