Contravisory Investment Management Inc. Increases Stake in Hasbro, Inc. (NASDAQ:HAS)

Contravisory Investment Management Inc. boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,422 shares of the company’s stock after purchasing an additional 327 shares during the period. Contravisory Investment Management Inc.’s holdings in Hasbro were worth $639,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HAS. American Century Companies Inc. raised its stake in Hasbro by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock worth $1,017,000 after acquiring an additional 3,567 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hasbro by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,541 shares of the company’s stock valued at $108,723,000 after purchasing an additional 135,548 shares during the period. Wealth Alliance lifted its stake in shares of Hasbro by 22.0% during the 2nd quarter. Wealth Alliance now owns 4,377 shares of the company’s stock valued at $256,000 after buying an additional 790 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Hasbro by 3.9% during the 2nd quarter. Amalgamated Bank now owns 28,594 shares of the company’s stock valued at $1,673,000 after buying an additional 1,065 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after buying an additional 179 shares during the period. Institutional investors own 91.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on HAS shares. DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America lifted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $80.11.

Hasbro Trading Down 0.8 %

HAS opened at $56.16 on Thursday. The stock has a 50-day moving average of $60.95 and a 200 day moving average of $64.41. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. Hasbro, Inc. has a 12 month low of $46.09 and a 12 month high of $73.46.

Hasbro (NASDAQ:HAS) last announced its earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a positive return on equity of 47.91% and a negative net margin of 14.83%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly revenue was down 14.8% on a year-over-year basis. On average, sell-side analysts expect that Hasbro, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Hasbro

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.82% of the company’s stock.

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.