Lecap Asset Management Ltd. Trims Holdings in Hasbro, Inc. (NASDAQ:HAS)

Lecap Asset Management Ltd. lowered its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 31.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,026 shares of the company’s stock after selling 12,764 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Hasbro were worth $2,027,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC grew its position in shares of Hasbro by 41.3% during the third quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock worth $196,000 after purchasing an additional 791 shares in the last quarter. Raymond James & Associates grew its holdings in Hasbro by 30.2% during the 3rd quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after buying an additional 41,829 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after buying an additional 299 shares during the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Hasbro by 4.6% during the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after acquiring an additional 217 shares during the last quarter. Finally, Stonegate Investment Group LLC purchased a new position in Hasbro during the third quarter valued at $225,000. 91.83% of the stock is currently owned by institutional investors.

Hasbro Trading Down 1.3 %

HAS stock opened at $71.04 on Wednesday. Hasbro, Inc. has a twelve month low of $42.66 and a twelve month high of $73.46. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of -7.01, a price-to-earnings-growth ratio of 0.54 and a beta of 0.61. The company has a quick ratio of 1.27, a current ratio of 1.46 and a debt-to-equity ratio of 2.95. The firm’s fifty day simple moving average is $69.72 and its two-hundred day simple moving average is $63.48.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.78 by $0.44. The company had revenue of $995.30 million for the quarter, compared to the consensus estimate of $941.38 million. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The firm’s revenue was down 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. As a group, analysts anticipate that Hasbro, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on HAS shares. Stifel Nicolaus boosted their price target on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. DA Davidson reissued a “neutral” rating and set a $59.00 price target on shares of Hasbro in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley increased their target price on Hasbro from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.10.

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.