Hasbro, Inc. (NASDAQ:HAS) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 166,973 shares of the company’s stock after buying an additional 10,782 shares during the period. Sound Income Strategies LLC’s holdings in Hasbro were worth $9,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HAS. American Century Companies Inc. raised its stake in Hasbro by 25.8% in 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 last quarter. Amalgamated Bank increased its holdings in shares of Hasbro by 3.9% in the second quarter. Amalgamated Bank now owns 28,594 shares of the company’s stock valued at $1,673,000 after purchasing an additional 1,065 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Hasbro by 2.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock worth $385,000 after purchasing an additional 179 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Hasbro by 1,213.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,246 shares of the company’s stock worth $132,000 after purchasing an additional 2,075 shares during the period. Finally, Sei Investments Co. boosted its position in Hasbro by 206.8% in the second quarter. Sei Investments Co. now owns 65,770 shares of the company’s stock valued at $3,848,000 after buying an additional 44,334 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hasbro

In related news, EVP Matthew Edward Austin sold 1,718 shares of the stock in a transaction dated 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HAS has been the subject of a number of recent research reports. DA Davidson raised their price target on shares of Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Bank of America upped 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. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley upped their target price on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Price Performance

Shares of HAS stock opened at $57.54 on Friday. The stock has a 50 day simple moving average of $60.18 and a 200-day simple moving average of $64.37. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Hasbro’s quarterly revenue was down 14.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hasbro, Inc. will post 3.85 earnings per share for the current year.

About Hasbro

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.