Hasbro, Inc. (NASDAQ:HAS) Shares Sold by WBI Investments LLC

WBI Investments LLC cut its holdings in shares of Hasbro, Inc. (NASDAQ:HAS - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,068 shares of the company's stock after selling 16,140 shares during the period. WBI Investments LLC's holdings in Hasbro were worth $1,688,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Hasbro by 37.1% during the 4th quarter. CWM LLC now owns 1,910 shares of the company's stock valued at $97,000 after acquiring an additional 517 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in Hasbro by 1.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company's stock valued at $67,756,000 after purchasing an additional 22,688 shares in the last quarter. Aigen Investment Management LP acquired a new position in Hasbro in the third quarter worth approximately $1,250,000. Janney Montgomery Scott LLC raised its position in Hasbro by 6.5% during the third quarter. Janney Montgomery Scott LLC now owns 47,369 shares of the company's stock valued at $3,133,000 after acquiring an additional 2,875 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Hasbro by 125.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 27,807 shares of the company's stock valued at $1,839,000 after purchasing an additional 15,466 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAS has been the subject of several recent analyst reports. Monness Crespi & Hardt upped their price target on Hasbro from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Roth Mkm lifted their price target on shares of Hasbro from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Bank of America upped their price objective on shares of Hasbro from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, April 25th. StockNews.com upgraded shares of Hasbro from a "sell" rating to a "hold" rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group upped their price target on shares of Hasbro from $61.00 to $63.00 and gave the company a "buy" rating in a report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $66.27.

Hasbro Price Performance

Hasbro stock traded down $2.15 on Wednesday, reaching $60.33. The company's stock had a trading volume of 2,008,924 shares, compared to its average volume of 1,704,957. The business's fifty day moving average price is $58.01 and its 200 day moving average price is $52.17. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. The company has a market cap of $8.40 billion, a price-to-earnings ratio of -5.98, a PEG ratio of 0.99 and a beta of 0.67. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.57.

Hasbro (NASDAQ:HAS - Get Free Report) last issued 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 negative net margin of 29.60% and a positive return on equity of 25.41%. The business had revenue of $757.30 million for the quarter, compared to the consensus estimate of $739.84 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm's quarterly revenue was down 24.3% on a year-over-year basis. Equities analysts expect that Hasbro, Inc. will post 3.66 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.

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