Hasbro, Inc. $HAS Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 5,042.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 453,895 shares of the company’s stock after purchasing an additional 445,068 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.32% of Hasbro worth $37,219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Hasbro in the second quarter valued at about $25,000. MUFG Securities EMEA plc acquired a new stake in shares of Hasbro in the second quarter valued at about $28,000. First Horizon Corp acquired a new stake in shares of Hasbro in the third quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Hasbro in the third quarter valued at about $34,000. Finally, Wexford Capital LP acquired a new stake in shares of Hasbro in the third quarter valued at about $37,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In related news, CEO Christian P. Cocks sold 196,411 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $100.33, for a total value of $19,705,915.63. Following the completion of the sale, the chief executive officer directly owned 303,310 shares in the company, valued at approximately $30,431,092.30. The trade was a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

HAS has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Hasbro from $95.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Monness Crespi & Hardt lifted their target price on shares of Hasbro from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group lifted their target price on shares of Hasbro from $88.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. UBS Group lifted their target price on shares of Hasbro from $99.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of Hasbro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.14.

Hasbro Stock Performance

NASDAQ:HAS opened at $93.72 on Tuesday. Hasbro, Inc. has a 1-year low of $64.74 and a 1-year high of $106.98. The firm has a 50 day simple moving average of $93.42 and a 200-day simple moving average of $89.09. The firm has a market cap of $13.26 billion, a PE ratio of -39.88, a P/E/G ratio of 2.78 and a beta of 0.52. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.65 and a quick ratio of 1.49.

Hasbro (NASDAQ:HAS) last released its earnings results on Wednesday, May 20th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.19. Hasbro had a negative net margin of 4.62% and a positive return on equity of 172.27%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $969.20 million. On average, equities analysts expect that Hasbro, Inc. will post 5.8 EPS for the current year.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.