WBH Advisory Inc. Sells 715 Shares of Hasbro, Inc. $HAS

WBH Advisory Inc. lessened its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 18.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,156 shares of the company’s stock after selling 715 shares during the period. WBH Advisory Inc.’s holdings in Hasbro were worth $233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAS. SBI Securities Co. Ltd. raised its position in shares of Hasbro by 130.0% in the first quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock valued at $29,000 after purchasing an additional 269 shares during the period. IFP Advisors Inc raised its position in shares of Hasbro by 489.2% in the second quarter. IFP Advisors Inc now owns 654 shares of the company’s stock valued at $48,000 after purchasing an additional 543 shares during the period. Allworth Financial LP raised its position in shares of Hasbro by 93.2% in the first quarter. Allworth Financial LP now owns 931 shares of the company’s stock valued at $56,000 after purchasing an additional 449 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of Hasbro by 21.6% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock valued at $64,000 after purchasing an additional 186 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Hasbro by 299.0% in the first quarter. Blue Trust Inc. now owns 1,141 shares of the company’s stock valued at $70,000 after purchasing an additional 855 shares during the period. Institutional investors own 91.83% of the company’s stock.

Insider Transactions at Hasbro

In other Hasbro news, CEO Christian P. Cocks sold 27,800 shares of Hasbro stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total transaction of $2,193,976.00. Following the sale, the chief executive officer owned 249,861 shares in the company, valued at $19,719,030.12. The trade was a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Roberta K. Thomson sold 1,002 shares of Hasbro stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $79.81, for a total transaction of $79,969.62. Following the sale, the insider owned 51,301 shares in the company, valued at $4,094,332.81. This represents a 1.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,359 shares of company stock worth $2,970,828. Insiders own 0.85% of the company’s stock.

Hasbro Trading Up 0.1%

Shares of Hasbro stock opened at $74.83 on Wednesday. The company’s fifty day simple moving average is $77.25 and its 200-day simple moving average is $70.88. The company 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. The company has a current ratio of 1.66, a quick ratio of 1.32 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.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Hasbro from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Monness Crespi & Hardt lifted their price target on shares of Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Morgan Stanley lifted their price target on shares of Hasbro from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Bank of America lifted their price target on shares of Hasbro from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Roth Capital raised their price objective on shares of Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hasbro has an average rating of “Moderate Buy” and an average price target of $87.64.

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.