Hasbro, Inc. $HAS Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its holdings in Hasbro, Inc. (NASDAQ:HAS) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,107 shares of the company’s stock after buying an additional 501 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Hasbro were worth $968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in Hasbro by 130.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 476 shares of the company’s stock worth $29,000 after buying an additional 269 shares during the period. Pittenger & Anderson Inc. acquired a new position in Hasbro in the 2nd quarter worth approximately $35,000. IFP Advisors Inc increased its holdings in Hasbro by 489.2% in the 2nd quarter. IFP Advisors Inc now owns 654 shares of the company’s stock worth $48,000 after buying an additional 543 shares during the period. Allworth Financial LP increased its holdings in Hasbro by 93.2% in the 1st quarter. Allworth Financial LP now owns 931 shares of the company’s stock worth $56,000 after buying an additional 449 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in Hasbro by 21.6% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 1,046 shares of the company’s stock worth $64,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 91.83% of the company’s stock.

Hasbro Trading Up 0.4%

Shares of NASDAQ:HAS opened at $75.16 on Thursday. 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 $10.54 billion, a price-to-earnings ratio of -18.51, a price-to-earnings-growth ratio of 0.96 and a beta of 0.60. The company has a debt-to-equity ratio of 12.31, a current ratio of 1.66 and a quick ratio of 1.32. The business’s 50 day moving average price is $77.15 and its 200-day moving average price is $70.91.

Hasbro (NASDAQ:HAS) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) 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 firm had revenue of $980.80 million for the quarter, compared to analyst estimates of $891.82 million. During the same quarter last year, the firm posted $1.22 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Hasbro, Inc. will post 4.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on HAS shares. The Goldman Sachs Group upgraded Hasbro from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $85.00 in a research report on Monday, June 30th. Citigroup upped their price objective on Hasbro from $79.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on Hasbro from $75.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Monness Crespi & Hardt upped their price objective on Hasbro from $80.00 to $90.00 in a research report on Wednesday, September 17th. Finally, Roth Capital upped their price objective on Hasbro from $86.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.64.

Insider Activity

In other Hasbro news, insider Timothy J. Kilpin sold 8,557 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $81.44, for a total value of $696,882.08. Following the transaction, the insider 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Christian P. Cocks sold 27,800 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $78.92, for a total value of $2,193,976.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 37,359 shares of company stock worth $2,970,828 in the last quarter. Corporate insiders own 0.85% 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.