SageView Advisory Group LLC Buys Shares of 5,321 Hasbro, Inc. (NASDAQ:HAS)

SageView Advisory Group LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,321 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC raised its stake in shares of Hasbro by 56.2% in the first quarter. Lindbrook Capital LLC now owns 464 shares of the company’s stock valued at $26,000 after acquiring an additional 167 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Hasbro by 300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 544 shares of the company’s stock worth $28,000 after purchasing an additional 408 shares during the last quarter. Optiver Holding B.V. purchased a new position in Hasbro in the 4th quarter worth about $36,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Hasbro by 118.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 841 shares of the company’s stock valued at $43,000 after buying an additional 456 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Hasbro in the 4th quarter valued at about $45,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total value of $783,380.00. Following the completion of the transaction, the executive vice president now directly owns 53,003 shares in the company, valued at $3,193,960.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

Hasbro Price Performance

Shares of HAS traded down $1.48 during mid-day trading on Friday, reaching $58.78. The company had a trading volume of 332,853 shares, compared to its average volume of 1,766,366. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.93 and a current ratio of 1.11. Hasbro, Inc. has a 1-year low of $42.66 and a 1-year high of $73.57. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of -5.80, a P/E/G ratio of 0.62 and a beta of 0.62. The company’s 50 day simple moving average is $59.53 and its 200 day simple moving average is $55.47.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.34. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The business’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Analysts expect that Hasbro, Inc. will post 3.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HAS. Monness Crespi & Hardt upped their price objective on shares of Hasbro from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their target price on Hasbro from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Bank of America upgraded Hasbro from a “neutral” rating to a “buy” rating and upped their target price for the stock from $70.00 to $80.00 in a research note on Friday, June 14th. UBS Group increased their price target on Hasbro from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, StockNews.com upgraded Hasbro from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.