Hasbro, Inc. (NASDAQ:HAS) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its holdings in Hasbro, Inc. (NASDAQ:HAS) by 9.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,537 shares of the company’s stock after selling 940 shares during the period. Bleakley Financial Group LLC’s holdings in Hasbro were worth $539,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in shares of Hasbro by 56.2% during the 1st quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock worth $26,000 after buying an additional 167 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Hasbro by 300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after buying an additional 408 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Hasbro during the 4th quarter worth $36,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock worth $43,000 after buying an additional 456 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Hasbro during the 4th quarter worth $45,000. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Hasbro Stock Down 0.7 %

NASDAQ:HAS opened at $60.26 on Friday. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.11 and a quick ratio of 0.93. The firm has a 50-day moving average of $59.53 and a two-hundred day moving average of $55.47. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data 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 company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. During the same period in the prior year, the company posted $0.01 EPS. The firm’s revenue for the quarter was down 24.3% on a year-over-year basis. As a group, equities analysts anticipate that Hasbro, Inc. will post 3.75 earnings per share for the current fiscal year.

Insider Transactions at Hasbro

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on HAS shares. DA Davidson increased their price target on Hasbro from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Stifel Nicolaus increased their price target on Hasbro from $64.00 to $67.00 and gave the company a “buy” rating in a report on Monday, April 15th. StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group increased their price target on Hasbro from $68.00 to $69.00 and gave the company a “buy” rating in a report on Friday, May 24th. Finally, Roth Mkm increased their price target on Hasbro from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hasbro has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.