Pittenger & Anderson Inc. Acquires New Position in Hasbro, Inc. $HAS

Pittenger & Anderson Inc. acquired a new stake in Hasbro, Inc. (NASDAQ:HAS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 475 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds have also recently modified their holdings of HAS. Teacher Retirement System of Texas boosted its stake in Hasbro by 3.9% during the first quarter. Teacher Retirement System of Texas now owns 28,531 shares of the company’s stock worth $1,754,000 after buying an additional 1,072 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Hasbro by 20.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,094 shares of the company’s stock worth $1,036,000 after buying an additional 2,866 shares during the period. Jump Financial LLC boosted its stake in Hasbro by 129.5% during the first quarter. Jump Financial LLC now owns 11,020 shares of the company’s stock worth $678,000 after buying an additional 6,219 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Hasbro by 60.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,597 shares of the company’s stock worth $1,021,000 after buying an additional 6,225 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Hasbro by 7.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,772 shares of the company’s stock worth $785,000 after buying an additional 931 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HAS has been the subject of several research analyst reports. Citigroup increased their target price on shares of Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Morgan Stanley increased their target price on shares of Hasbro from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. DA Davidson increased their target price on shares of Hasbro from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hasbro in a research note on Wednesday, October 8th. Finally, Roth Capital raised their price objective on shares of Hasbro from $86.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hasbro currently has an average rating of “Moderate Buy” and an average price target of $87.64.

Insider Activity at Hasbro

In related news, insider Roberta K. Thomson sold 1,002 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.81, for a total value of $79,969.62. Following the sale, the insider owned 51,301 shares of the company’s stock, valued at $4,094,332.81. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 37,359 shares of company stock valued at $2,970,828 over the last 90 days. 0.85% of the stock is owned by corporate insiders.

Hasbro Trading Up 0.1%

NASDAQ HAS opened at $74.83 on Wednesday. The firm has a 50 day simple moving average of $77.25 and a 200-day simple moving average of $70.88. The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.32 and a current ratio of 1.66. Hasbro, Inc. has a one year low of $49.00 and a one year high of $82.19. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of -18.43, a PEG ratio of 0.96 and a beta of 0.60.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.78 by $0.52. Hasbro had a negative net margin of 13.37% and a positive return on equity of 64.49%. 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 firm posted $1.22 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

About Hasbro

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.