Albion Financial Group UT Raises Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Albion Financial Group UT grew its stake in Hasbro, Inc. (NASDAQ:HAS) by 18.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 57,096 shares of the company’s stock after buying an additional 9,086 shares during the period. Albion Financial Group UT’s holdings in Hasbro were worth $3,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAS. Kestra Advisory Services LLC purchased a new stake in shares of Hasbro during the third quarter worth about $238,000. Mariner LLC boosted its stake in Hasbro by 14.0% during the third quarter. Mariner LLC now owns 9,199 shares of the company’s stock valued at $608,000 after buying an additional 1,129 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Hasbro by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 59,042 shares of the company’s stock valued at $3,905,000 after buying an additional 220 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Hasbro by 361.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,015 shares of the company’s stock worth $861,000 after purchasing an additional 10,193 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Hasbro by 176.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,311,754 shares of the company’s stock valued at $86,763,000 after acquiring an additional 836,474 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Activity

In other news, EVP Tarrant L. Sibley sold 13,000 shares of Hasbro stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $60.26, for a total transaction of $783,380.00. Following the sale, the executive vice president now owns 53,003 shares in the company, valued at $3,193,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Monness Crespi & Hardt lifted their target price on Hasbro from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Morgan Stanley reissued an “overweight” rating and issued a $77.00 price target on shares of Hasbro in a research report on Monday, May 20th. Stifel Nicolaus boosted their price target on Hasbro from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Roth Mkm boosted their price target on Hasbro from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, DA Davidson boosted their price target on Hasbro from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Hasbro Stock Performance

Shares of HAS traded down $0.03 during mid-day trading on Wednesday, reaching $57.03. The company had a trading volume of 826,408 shares, compared to its average volume of 1,814,254. Hasbro, Inc. has a 52-week low of $42.66 and a 52-week high of $73.57. The company has a quick ratio of 0.93, a current ratio of 1.11 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of $7.94 billion, a P/E ratio of -5.63, a PEG ratio of 0.61 and a beta of 0.62. The stock has a 50 day moving average of $60.44 and a two-hundred day moving average of $54.91.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.27 by $0.34. Hasbro had a positive return on equity of 25.41% and a negative net margin of 29.60%. The firm had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $739.84 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was down 24.3% on a year-over-year basis. On average, analysts expect that Hasbro, Inc. will post 3.72 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.