Hasbro, Inc. $HAS Shares Bought by Probity Advisors Inc.

Probity Advisors Inc. grew its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,365 shares of the company’s stock after purchasing an additional 533 shares during the period. Probity Advisors Inc.’s holdings in Hasbro were worth $396,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Hasbro by 0.6% during the first quarter. Vanguard Group Inc. now owns 16,464,038 shares of the company’s stock valued at $1,012,374,000 after purchasing an additional 105,624 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hasbro by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,287,647 shares of the company’s stock valued at $140,652,000 after purchasing an additional 227,477 shares during the period. Northern Trust Corp increased its holdings in shares of Hasbro by 7.4% during the first quarter. Northern Trust Corp now owns 1,422,977 shares of the company’s stock valued at $87,499,000 after purchasing an additional 98,425 shares during the period. Deutsche Bank AG boosted its stake in Hasbro by 15.3% during the first quarter. Deutsche Bank AG now owns 1,289,843 shares of the company’s stock valued at $79,312,000 after buying an additional 170,749 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Hasbro by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,217,361 shares of the company’s stock valued at $74,856,000 after buying an additional 27,547 shares in the last quarter. 91.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total transaction of $696,882.08. Following the completion of the sale, the insider directly owned 44,301 shares in the company, valued at approximately $3,607,873.44. This trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $78.92, for a total value of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares of the company’s stock, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,359 shares of company stock worth $2,970,828. 0.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on HAS shares. Roth Capital raised their target price on Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group raised their target price on Hasbro from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Morgan Stanley raised their target price on Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on Hasbro from $75.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Zacks Research lowered Hasbro from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $87.64.

Hasbro Trading Up 0.1%

NASDAQ:HAS opened at $74.83 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.66 and a debt-to-equity ratio of 12.31. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $82.19. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of -18.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60. The stock has a fifty day simple moving average of $77.25 and a 200 day simple moving average of $70.88.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.52. Hasbro had a positive return on equity of 64.49% and a negative net margin of 13.37%.The business had revenue of $980.80 million during the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the company posted $1.22 EPS. Hasbro’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts forecast that Hasbro, Inc. will post 4.33 earnings per share 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.