Bleakley Financial Group LLC Purchases 1,299 Shares of Hasbro, Inc. (NASDAQ:HAS)

Bleakley Financial Group LLC increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,227 shares of the company’s stock after buying an additional 1,299 shares during the quarter. Bleakley Financial Group LLC’s holdings in Hasbro were worth $628,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in HAS. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter valued at $31,000. Blue Trust Inc. lifted its position in Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Hasbro during the third quarter valued at $40,000. Wilmington Savings Fund Society FSB bought a new stake in Hasbro during the third quarter valued at about $45,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Hasbro in the third quarter worth about $49,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Stock Down 1.0 %

NASDAQ HAS opened at $59.05 on Monday. The stock has a 50 day moving average price of $59.04 and a 200-day moving average price of $64.30. Hasbro, Inc. has a one year low of $46.09 and a one year high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market capitalization of $8.24 billion, a P/E ratio of -12.73, a P/E/G ratio of 0.51 and a beta of 0.64.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAS. JPMorgan Chase & Co. boosted their price objective on Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Stifel Nicolaus reduced their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Morgan Stanley increased their price target on Hasbro from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson boosted their price objective on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.11.

Insiders Place Their Bets

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 completion of the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company’s stock.

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.