Foguth Wealth Management LLC. bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS – Free Report) in the 1st quarter, Holdings Channel reports. The fund bought 7,489 shares of the company’s stock, valued at approximately $423,000.
Several other large investors have also added to or reduced their stakes in HAS. UBS Group AG grew its stake in Hasbro by 43.1% in the fourth quarter. UBS Group AG now owns 329,666 shares of the company’s stock valued at $16,833,000 after acquiring an additional 99,263 shares during the period. CWM LLC lifted its holdings in shares of Hasbro by 37.1% in the fourth quarter. CWM LLC now owns 1,910 shares of the company’s stock valued at $97,000 after purchasing an additional 517 shares in the last quarter. Norges Bank bought a new position in shares of Hasbro in the fourth quarter valued at approximately $70,544,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of 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. Finally, Dean Capital Management bought a new position in shares of Hasbro in the fourth quarter valued at approximately $767,000. Institutional investors and hedge funds own 91.83% of the company’s stock.
Insider Activity
In other news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the completion of the transaction, the executive vice president now directly owns 53,003 shares in the company, valued at $3,193,960.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.
Hasbro Stock Performance
Hasbro (NASDAQ:HAS – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. As a group, analysts anticipate that Hasbro, Inc. will post 3.72 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
HAS has been the topic of a number of recent research reports. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Monness Crespi & Hardt raised their target price on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group raised their target price on Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. upgraded Hasbro from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $61.00 to $74.00 in a report on Thursday, May 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $77.00 price target on shares of Hasbro in a report on Monday, May 20th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.
Read Our Latest Stock Analysis on HAS
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.
Featured Articles
- Five stocks we like better than Hasbro
- High Flyers: 3 Natural Gas Stocks for March 2022
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- The How And Why of Investing in Oil Stocks
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Learn Technical Analysis Skills to Master the Stock Market
- MarketBeat Week in Review – 6/24 – 6/28
Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS – Free Report).
Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.