GLOBALT Investments LLC GA Acquires New Stake in Hasbro, Inc. $HAS

GLOBALT Investments LLC GA purchased a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,567 shares of the company’s stock, valued at approximately $2,916,000.

A number of other institutional investors have also recently made changes to their positions in HAS. Brighton Jones LLC purchased a new position in shares of Hasbro during the 4th quarter valued at $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hasbro by 11.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,563 shares of the company’s stock valued at $1,018,000 after buying an additional 1,753 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Hasbro by 95.8% during the 1st quarter. Empowered Funds LLC now owns 13,187 shares of the company’s stock valued at $811,000 after buying an additional 6,451 shares during the last quarter. Woodline Partners LP lifted its position in shares of Hasbro by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,078 shares of the company’s stock valued at $681,000 after buying an additional 3,203 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Hasbro during the 1st quarter valued at $292,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other Hasbro news, CEO Christian P. Cocks sold 196,411 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer owned 303,310 shares in the company, valued at approximately $30,431,092.30. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.

Hasbro Price Performance

Shares of NASDAQ HAS opened at $95.25 on Monday. The firm has a market capitalization of $13.48 billion, a P/E ratio of -40.53, a P/E/G ratio of 2.78 and a beta of 0.52. The company has a quick ratio of 1.49, a current ratio of 1.65 and a debt-to-equity ratio of 4.59. The stock’s 50-day simple moving average is $93.46 and its two-hundred day simple moving average is $88.98. Hasbro, Inc. has a twelve month low of $64.74 and a twelve month high of $106.98.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.20 by $0.19. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $969.20 million. Hasbro had a positive return on equity of 172.27% and a negative net margin of 4.62%. As a group, equities analysts anticipate that Hasbro, Inc. will post 5.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAS. DA Davidson dropped their price objective on Hasbro from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Morgan Stanley increased their price objective on Hasbro from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup increased their price objective on Hasbro from $97.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company began coverage on Hasbro in a report on Wednesday, March 11th. They set an “equal weight” rating and a $98.00 price objective on the stock. Finally, Wolfe Research increased their price objective on Hasbro from $90.00 to $124.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

About Hasbro

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.