Bleakley Financial Group LLC Acquires 1,299 Shares of Hasbro, Inc. (NASDAQ:HAS)

Bleakley Financial Group LLC increased its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 13.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,227 shares of the company’s stock after buying an additional 1,299 shares during the quarter. Bleakley Financial Group LLC’s holdings in Hasbro were worth $628,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Hasbro during the fourth quarter worth $475,000. Choreo LLC lifted its holdings in Hasbro by 165.3% during the 4th quarter. Choreo LLC now owns 21,602 shares of the company’s stock valued at $1,204,000 after buying an additional 13,461 shares in the last quarter. Tectonic Advisors LLC boosted its position in Hasbro by 14.2% in the 4th quarter. Tectonic Advisors LLC now owns 114,977 shares of the company’s stock valued at $6,428,000 after buying an additional 14,286 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Hasbro by 50.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,228 shares of the company’s stock worth $807,000 after acquiring an additional 4,749 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in shares of Hasbro by 18.3% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,742 shares of the company’s stock worth $209,000 after acquiring an additional 579 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HAS. Morgan Stanley increased their price objective on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Stifel Nicolaus dropped their target price on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America lifted their price objective on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Stock Down 1.0 %

Hasbro stock opened at $59.05 on Monday. The business has a fifty day moving average price of $59.04 and a 200-day moving average price of $64.30. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of -12.73, a PEG ratio of 0.51 and a beta of 0.64. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

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.