Hasbro, Inc. $HAS Shares Acquired by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC boosted its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 710.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,724 shares of the company’s stock after purchasing an additional 18,168 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Hasbro were worth $1,559,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC acquired a new position in shares of Hasbro during the second quarter valued at $25,000. MUFG Securities EMEA plc bought a new stake in shares of Hasbro during the second quarter valued at approximately $28,000. First Horizon Corp acquired a new stake in Hasbro in the 3rd quarter valued at approximately $29,000. Pittenger & Anderson Inc. bought a new position in shares of Hasbro in the second quarter worth $35,000. Finally, Mather Group LLC. acquired a new stake in Hasbro in the third quarter worth about $39,000. 91.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Hope F. Cochran sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $77.24, for a total value of $308,960.00. Following the completion of the sale, the director owned 17,102 shares in the company, valued at approximately $1,320,958.48. This represents a 18.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is owned by corporate insiders.

Hasbro Trading Up 5.1%

NASDAQ:HAS opened at $93.84 on Tuesday. The stock has a fifty day simple moving average of $84.47 and a 200 day simple moving average of $79.73. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of -23.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.56. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $93.94. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 7.65.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research increased their price objective on shares of Hasbro from $89.00 to $90.00 in a report on Wednesday, October 29th. Jefferies Financial Group raised their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 29th. Roth Mkm set a $96.00 target price on Hasbro and gave the stock a “buy” rating in a report on Friday, October 24th. Seaport Research Partners raised shares of Hasbro to a “strong-buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.82.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.