Albion Financial Group UT Has $3.23 Million Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Albion Financial Group UT increased its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,096 shares of the company’s stock after purchasing an additional 9,086 shares during the quarter. Albion Financial Group UT’s holdings in Hasbro were worth $3,227,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. UBS Group AG increased its position in Hasbro by 43.1% in the 4th 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 in the last quarter. CWM LLC increased its position in Hasbro by 37.1% in 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 in the last quarter. Norges Bank acquired a new stake in Hasbro in the 4th quarter valued at about $70,544,000. Kovitz Investment Group Partners LLC increased its position in Hasbro by 1.7% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,326,984 shares of the company’s stock valued at $67,756,000 after acquiring an additional 22,688 shares in the last quarter. Finally, Dean Capital Management acquired a new stake in Hasbro in the 4th quarter valued at about $767,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several research reports. StockNews.com upgraded shares of Hasbro from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Jefferies Financial Group raised their target price on shares of Hasbro from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, April 19th. DA Davidson raised their target price on shares of Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Bank of America raised shares of Hasbro from a “neutral” rating to a “buy” rating and raised their target price for the company from $70.00 to $80.00 in a research note on Friday, June 14th. Finally, Monness Crespi & Hardt raised their target price on shares of Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $60.26, for a total value of $783,380.00. Following the sale, the executive vice president now directly owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is owned by corporate insiders.

Hasbro Stock Down 0.1 %

HAS traded down $0.03 during trading on Wednesday, reaching $57.03. The company had a trading volume of 826,408 shares, compared to its average volume of 1,814,254. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. Hasbro, Inc. has a 12 month low of $42.66 and a 12 month high of $73.57. The business’s fifty day moving average price is $60.44 and its 200 day moving average price is $54.91. The company has a market cap of $7.94 billion, a P/E ratio of -5.63, a PEG ratio of 0.61 and a beta of 0.62.

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 analysts’ consensus estimates 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 firm had revenue of $757.30 million for the quarter, compared to analyst estimates of $739.84 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The business’s revenue was down 24.3% on a year-over-year basis. Equities analysts anticipate that Hasbro, Inc. will post 3.72 EPS for the current 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.