Ballentine Partners LLC Sells 1,031 Shares of Hasbro, Inc. (NASDAQ:HAS)

Ballentine Partners LLC cut its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,127 shares of the company’s stock after selling 1,031 shares during the period. Ballentine Partners LLC’s holdings in Hasbro were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its position in Hasbro by 25.8% during the second quarter. American Century Companies Inc. now owns 17,377 shares of the company’s stock worth $1,017,000 after buying an additional 3,567 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Hasbro by 2.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,588 shares of the company’s stock valued at $385,000 after acquiring an additional 179 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Hasbro by 1,213.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,246 shares of the company’s stock valued at $132,000 after acquiring an additional 2,075 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Hasbro by 206.8% during the second quarter. Sei Investments Co. now owns 65,770 shares of the company’s stock worth $3,848,000 after purchasing an additional 44,334 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Hasbro by 823.7% in the second quarter. Thrivent Financial for Lutherans now owns 51,366 shares of the company’s stock worth $3,005,000 after purchasing an additional 45,805 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. DA Davidson increased their target price on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus dropped their price target 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, Jefferies Financial Group increased their price objective on Hasbro from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Two 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.11.

Insider Activity

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

Hasbro Price Performance

Shares of Hasbro stock opened at $57.42 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The business’s 50 day simple moving average is $60.07 and its two-hundred day simple moving average is $64.32. The stock has a market capitalization of $8.01 billion, a P/E ratio of -12.38, a price-to-earnings-growth ratio of 0.49 and a beta of 0.64.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 EPS. Analysts forecast that Hasbro, Inc. will post 3.85 EPS for the current year.

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.