7,489 Shares in Hasbro, Inc. (NASDAQ:HAS) Acquired by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. bought a new position in shares of Hasbro, Inc. (NASDAQ:HAS) 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

Shares of HAS traded up $0.34 during mid-day trading on Friday, hitting $58.50. The stock had a trading volume of 5,116,629 shares, compared to its average volume of 2,243,733. The business has a fifty day moving average price of $60.43 and a 200-day moving average price of $54.78. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.57.

Hasbro (NASDAQ:HAS) 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.

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.